{"id":20259,"date":"2013-11-15T09:42:40","date_gmt":"2013-11-15T14:42:40","guid":{"rendered":"https:\/\/brigantinenow.com\/?p=20259"},"modified":"2013-11-15T10:12:57","modified_gmt":"2013-11-15T15:12:57","slug":"nj-ok-brigantine-taking-debt","status":"publish","type":"post","link":"https:\/\/brigantinenow.com\/nj-ok-brigantine-taking-debt\/","title":{"rendered":"NJ OK with Brigantine Taking on More Debt"},"content":{"rendered":"<p>Earlier this week, Brigantine City Manager; Jen Blumenthal got a rare &#8220;OK&#8221; from the state of New Jersey to borrow more than $1.4 million. Why was this rare? Brigantine had already hit the tax cap&#8230;so we had to ask permission in order to raise the debt\/tax limit. This new, additional city debt will help fill the hole created from revenue lost due to tax appeals.<\/p>\n<p>The Brigantine 2014 municipal budget will have to deal with losing $144 million in tax ratables this year. In 2012, Brigantine lost $192 million in ratables.<\/p>\n<p>City Manager Blumenthal will call for a special council meeting seeking approval to borrow the $1.4 million.\u00a0As a condition for the borrowing, \u00a0restrictions have been placed on Brigantine&#8217;s ability to hire employees without state approval.<\/p>\n<p>Read full details here from <a href=\"http:\/\/www.shorenewstoday.com\/snt\/news\/index.php\/brigantine\/news\/46532-brigantine-can-bond-a-second-time-state-rules.html\" target=\"_blank\">Mike Feely in the Beachcomber News.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier this week, Brigantine City Manager; Jen Blumenthal got a rare &#8220;OK&#8221; from the state of New Jersey to borrow more than $1.4 million. Why was this rare? Brigantine had already hit the tax cap&#8230;so we had to ask permission in order to raise the debt\/tax limit. This new, additional [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[31],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - 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