A Presentation Regarding Municipal Complex Tax Impact

A presentation by the Municipal Complex Planning Committee at the March council meeting included an illustration of the estimated  average annual tax impact of a $3,000,000, three percent bond issue to partially fund the project. The municipality’s financial advisor, Phoenix Advisors, has updated its preliminary analysis of tax impact to reflect Mantoloking’s increased assessed values. This is an illustration of the slightly lower estimated, average tax impact as a result of the increased assessed values.