County officials propose tax increase to address revenue shortfalls for public safety

Gloucester County officials are considering a proposed tax increase to address declining revenues and maintain essential public services, as discussed during a recent Board of Supervisors meeting on April 14, 2025. The proposed increase aims to counteract a projected $135,000 drop in real estate tax revenues, which has raised concerns about the county's financial stability.

During the meeting, financial analysts presented data indicating that Gloucester County's largest revenue source, real estate taxes, has been decreasing, particularly since 2020. This decline has resulted in a loss of purchasing power, making it increasingly difficult for the county to meet its expenditures. Other revenue sources, including sales, meals, and lodging taxes, have shown some growth, but overall, the county's revenues are not keeping pace with its financial needs.

The proposed budget includes a nearly 9-cent increase in the real estate tax rate, bringing it to 67 cents per $100 of assessed value. Additionally, a 15-cent increase in the tangible personal property tax is on the table. However, the budget does not account for several significant requests, including a $2 million request from the school board and funding for utility subsidies. Cuts to the facilities maintenance fund and adjustments to salary requests have also been proposed, reflecting the county's efforts to manage its financial constraints.

County officials emphasized the importance of public input in the budget process, encouraging residents to participate in upcoming budget work sessions. The final budget is expected to be adopted on April 30, 2025. As Gloucester County navigates these financial challenges, the proposed tax increase aims to ensure continued support for public safety and essential services while addressing inflation and maintenance needs.