- Category: News
MIDDLETOWN, NJ – Middletown Township is bucking the downward trend when it comes to retaining an excellent credit rating.
Moody’s Investor Service has affirmed Middletown Township’s excellent bond rating of Aa2.
The good news comes at a time when other towns and cities across New Jersey are leading the nation in bond-rating downgrades.
“Moody’s affirmation of our excellent bond rating confirms that Middletown is making the right decisions in these challenging economic times,” said Mayor Anthony Fiore. “However, we know the job is far from done. We will continue to seek ways to mitigate the unprecedented fiscal challenges that Middletown and every municipality are facing.”
Affirmation of the Middletown’s excellent rating is credited to new management approaches and numerous financial improvements including reassessment of assessed valuation, budget reductions, staff reductions, and increased surplus. Additional strengths that factor into the rating include a low debt burden with rapid amortization, sufficient liquidity and reserve levels, and a sizable tax base, said Township Administrator Anthony Mercantante.
Recent economic challenges that continue to be successfully mitigated through the township’s prudent management practices include adherence to the governor’s tax cap, decreased state aid, an influx of negative tax appeals judgments following the 2009 revaluation, increased health care costs, and emergency expenditures related to the 2010 Blizzard and Hurricane Irene, said Mercantante.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Organizations with Aa2 Ratings are considered to be of high quality and very low credit risk. In investment, a bond credit rating assesses the credit worthiness of a corporation's or government debt issues. It is analogous to credit ratings for individuals.
- Category: News
ATLANTIC HIGHLANDS, NJ - The United Methodist Churches of Atlantic Highlands and Navesink will host Holy Week Services.
Join us as we begin Holy Week with Palm Sunday: April 1, 2012.
We will celebrate with word, meditation and special music in Navesink at 9:00 AM and in Atlantic Highlands at 10:30 AM. Following the 10:30 a.m. service we will have our annual egg hunt. Come and join the festivities. Children will be singing and Processing in so please meet in the Quiet room at 10:25 am.
On Maundy Thursday, April 5, at 7:30 PM we will gather in the Navesink Sanctuary, much like the disciples gathered with Jesus in the Upper Room for the Passover celebration. We will explore the celebration of Passover and then Jesus’ invitation to serve others as we come to the table for the Last Supper. The evening will include meditation and special music by our choir and two guest soloists.
On Good Friday, April 6th, there will be an AACC Ecumenical Service at Faith Fellowship on Route 36 at Noon. At 7:30 PM we will gather in the Atlantic Highlands Sanctuary for a service entitled Watch the Lamb. We welcome two guest soloists to lead us in meditation as we focus our eyes on the cross and Christ’s powerful message of sacrificial love.
On Easter Sunday, April 8th We invite you to begin your morning celebration at the Gazebo in the Atlantic Highlands Harbor at 6:30 AM for our Ecumenical Sunrise Service.
We will continue our celebration of the Resurrection in the Navesink Sanctuary at 9:00 AM for meditation, special music by our chancel choir and communion. At 10:30 AM in the Atlantic Highlands Sanctuary we will gather for a family friendly service of dramatic meditation, special music by our chancel and children’s choir, and communion.
The United Methodist Church of Atlantic Highlands is located at the corner of 3rd and E. Garfield avenues in Atlantic Highlands.
The United Methodist Church of Navesink is located at 112 Navesink Avenue, Navesink.
For more details visit: www.umcahn.org
- Category: News
MIDDLETOWN, NJ - Once you have the job offer, then what? The Job Help Center at the Middletown Township Public Library presents: “Negotiate the Job Offer to Win” presented by eminent career coach Alex Freund on Wednesday, March 28 at 6pm. Learn how to negotiate to get what you want from your next job. This event is open to the public free of charge, and will take place in the Community Room of the main branch of the library at 55 New Monmouth Road, Middletown, NJ 07748.
To find out more about the program, visit the Middletown Township Public Library website at www.mtpl.org or by calling 732-671-3700 Ext. 320. Funding for this program comes from the generous support of the Middletown Township Public Library Foundation, Inc.
- Category: News
MIDDLETOWN, NJ - On
Eagle Scout Cody Barron
Cody Barron is a 2011 graduate of Christian Brothers Academy, Lincroft NJ where he ran Varsity Indoor and Outdoor Track for four years, serving as Team Captain his senior year. Cody is a freshman at the University of Notre Dame,
- Category: Letters to the Editor
For the second year in a row, Monmouth County will be collecting no more taxes that it did the year before. The tax levy in 2012 is the same as it was in 2010.
The Board of Chosen Freeholders introduced a $487,350,000 budget on Feb. 23. The budget contains a $4.15 million decrease in spending from last year. Public hearing and adoption of the budget is 7 p.m. March 22 at Middletown Town Hall, I Kings Highway, Middletown.
The spending plan reflects a successful months-long effort by the freeholder board and county department heads to reduce county spending to close an anticipated $14 million budget shortfall caused by a continued drop in revenues.
As was the case last year, department heads were asked to cut their budget allocations proportionately in order to close this year’s budget gap. The county financial picture was helped by a change in state law that lowered the county’s pension contributions.
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