During the meeting, several residents expressed their frustration over substantial property tax hikes. One resident highlighted a staggering 62% increase in their tax bill, saying, “I mean I don’t have to just fork out $7,000.” Another resident, Michelle from North Boulevard, noted that the tax increases ranged between 40% to 60%, emphasizing that such drastic hikes were “almost unheard of” and specifically targeted North Boulevard. She criticized the lack of communication from the town and questioned how the mayor could be unaware of such significant tax increases affecting a selective group of residents.

Michelle also shared her correspondence with Matt Clark, presumably an official involved in tax assessments, expressing dissatisfaction over the absence of a response to her inquiries. She pointed out that many municipalities had kept their taxes flat and raised concerns about the adverse effects of such tax increases on property values.

Another resident, Jim Nan, echoed these sentiments, explaining how the tax hike directly impacted his and his neighbors’ financial situations. He shared that he and his wife experienced a $500 increase in their monthly expenses due to the tax hike, emphasizing the burden on fixed-income retirees. He stated, “some people have to pay $1,000 a month,” illustrating the overwhelming nature of these sudden financial demands.

The conversation included a comparison of property assessments across different municipalities, revealing that Lake Como’s average property assessment was higher than that of neighboring towns like Belmar and Spring Lake. This comparison raised questions about the fairness of the current assessment practices and the disproportionate impact on North Boulevard residents. Residents suggested a cap on the percentage increase allowed in a given year to avoid such shocking hikes and called for a clearer communication strategy to better anticipate and prepare for changes in their tax obligations.

The council president addressed the significant increase in property assessments in Lake Como, particularly in North Boulevard, where some residents reported increases of 50% or more. A meeting was held on August 15 with approximately 25 residents to discuss these assessments, which were driven by the borough’s participation in the Monmouth County ADP since 2015. This program was intended to ensure property assessments reflect fair market value and distribute tax burdens equitably. However, it has been controversial, with some municipalities opting out in 2017. Lake Como chose to remain in the program, but recent anomalies in property assessments required further discussion with county representatives. A workshop meeting was planned for September, where the borough tax assessor, the county tax assessor, and a commissioner would be invited to provide clarity on the program.

A council member raised questions about the possibility of opting out of the ADP. Concerns about being “locked in” to the program were expressed, highlighting that towns that are part of the ADP face rising assessments, while those that are not do not experience the same tax burden. The significant discrepancy in tax burdens among municipalities was noted, emphasizing the need for further research and discussions with the county.

In addition to tax concerns, traffic issues on Bradley Terrace were a significant topic of discussion. Alison Krilla, a long-term resident, addressed the council about unresolved traffic concerns despite multiple requests to the administration. She highlighted the street’s narrowness, creating a hazardous driving environment, especially with vehicles parked on both sides. This situation has led to road rage incidents and property damage, including her own vehicle. Krilla urged the council to consider making Bradley and Greenwood one-way streets to alleviate these issues, stating, “the solution seems simple… doing nothing is unacceptable.”

The council recognized that the matter had been discussed in previous meetings. The existing traffic study from 2001 was mentioned, which provides guidelines for addressing traffic concerns without requiring a new study. The mayor suggested that the borough administrator and the town engineer assess the situation based on the existing traffic data, allowing the council to explore the possibility of one-way streets without incurring the expense of a new study.

Discussions ensued regarding the adequacy of the current traffic solutions, with concerns raised about emergency vehicles’ access, as the narrow streets hinder their movement. It was emphasized that the problem is not merely crowding but a spatial issue exacerbated by limited parking. The council deliberated on whether to pursue further examination of the traffic situation or to wait for resident feedback in future meetings.

The meeting also featured discussions on community events and public safety. Council members announced various upcoming events, including a fishing contest for children, Lake Como Day, and the “New Jersey Run for the Fallen,” scheduled for September 29th. These events aim to enhance community engagement and honor those who have lost their lives in military service.