Keep Taxes Flat

68% of the Tax Revenue of Holmdel goes to The Board of Education. Only 13% goes to the

Township Committee and the rest goes to Monmouth County.

Holmdel Township has a fiscal problem. We are $35 million + in Debt. Our Debt Service Cost is

$6 million & we need to keep $4 million in reserves to maintain its AAA rating for the town.

Thus, $10 million is already spoken for. The PILOT program brings in $4 million. Our Court fees

are dropping due to the change in legislation at the State level. No Dollars ($) are left for Turf

field support. My opponent only talks about taxing and spending, and is really a Tax & spend

liberal. Previous Committees, Republican controlled under his father and other Mayors, have

saddled us with debt & debt service. This way we will end up having to raise taxes. The

Township gets nothing from the Turf field. We will pay maintenance and installation and repairs

every 10 years.

We are beginning to share costs with neighboring towns, like Colts Neck, with whom we share

Court costs. But other with various shared services need to be found with other towns to

reduce costs. And I will work to implement more of these to reduce our operational costs.

I support working with the BOE to reduce our taxes. That can only happen when the BOE has

cut out the fat in its budget. We know that there is approx. $2.5MM in its budget that is

discretionary and in excess of what other peer schools spend.

My opponent has never bothered to understand the budget of the township or the BOE and

makes claims that he will cut taxes while promoting spending. This is nothing more than

political pandering.