Following months of deliberation, the Gloucester County Board of Supervisors unanimously approved the county’s operating budget for fiscal year 2024 and set the advertised tax rates for fiscal year 2023 during a meeting Tuesday in the colonial courthouse.
The advertised tax rates that were approved feature an equalized real estate tax rate of $0.583 per $100 of valuation and a $2.95 vehicle tax rate. The county will continue to virtually exempt boats as well as all vehicles used by emergency services from personal property taxes, as those rates are set incredibly low so that virtually nothing will be collected.
The total FY24 operating budget for Gloucester comes in at $217,734,270. This budget includes $30 million in local transfers allocated to Gloucester County Public Schools. The school construction fund will receive $52 million. The schools’ operating budget, which includes federal and state funding, is approximately $75 million.
Other highlights in the budget include $6.6 million...