City of Middletown Passes $47 Million Budget for 2024

Published on November 25, 2023

Middletown City Council on Nov. 21 passed a $47.5 million budget for next year, which is up by $2 million from the current year. The budgeted property tax levy, when compared to this year, increases by about $1 million to $23 million, the maximum amount allowed under the state tax cap. Each year, the State Comptroller’s Office calculates property tax caps for municipalities based on factors enumerated in the state law; for Middletown, the cap is set at $23 million for the next year. After property taxes, which cover nearly half the city expenses, sales tax is the second largest revenue source, budgeted to be over $14 million....

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