The council’s agenda prominently featured the introduction of the 2025 budget. The proposed budget reflects a decrease in the amount to be raised for taxation by approximately $4,500 compared to the previous year. This reduction results in a municipal tax rate cut of about 13%. However, due to the average residential property value in Lake Como now reaching $824,000, residents may still experience increased tax bills despite the lowered rate. Borough officials emphasized their efforts to mitigate the financial impact of rising property assessments, which are determined by the county.

The budget introduction was described as a historic moment, as it marks the first time the municipal rate has fallen below four cents. A public comment session on the budget is scheduled for the next meeting on June 3, offering residents the opportunity to voice their opinions and concerns.

Infrastructure improvements were also a key focus, with several ordinances introduced to address local road conditions. Ordinance 2025-9 proposes capital improvements for various roads with an appropriation of $660,000 funded by the New Jersey Department of Transportation. This ordinance includes projects on Fwood Road and Ryderwood Terrace, with confirmation that these efforts are grant-funded. Additionally, Ordinance 2025-10 was introduced to allocate $225,000, including a bond issuance, for further road enhancements. The council discussed the timeline for these projects, indicating that work on Fwood Road is expected to begin in October, with subsequent projects planned for the following year.

The meeting also covered shared services agreements, which play a role in maintaining fiscal responsibility for the borough. A shared services agreement for emergency medical services with Belmar was approved, continuing an existing arrangement that provides essential services for residents. Additionally, the council approved a shared services agreement for code enforcement with Neptune City, extending a current partnership aimed at reducing costs for taxpayers.

Another noteworthy item was the resolution recognizing the Belmar Police Department’s participation in National Police Week and the Police Unity Tour. This initiative honors fallen officers and raises awareness and funds for the National Law Enforcement Officers Memorial. The council expressed appreciation for the police department’s contributions and encouraged community recognition of their efforts.

The meeting also addressed environmental concerns, highlighted by a representative’s report on flow rates affecting the borough’s budget. The representative, Kevin Lynch, explained that the budget was calculated at 6.33% of the submers bill due to low flow and drought conditions, with a current trend of 5%. Lynch noted that illegal water pumping into sewer lines remains a challenge, contributing to higher flow rates. The report served as a componet in the council’s financial planning and budgetary considerations.

Additionally, the mayor acknowledged Municipal Clerk Amy for her performance during Municipal Clerk’s Week. She was commended for being rated the top municipal clerk in Monmouth County and fourth in the state, attributed to the number of nominations received. The mayor expressed gratitude for her contributions to the community and presented her with flowers on behalf of the council.