Lavallette introduced its 2019 capital budget this week, with officials announcing financing for a number of improvement projects across town.
Borough Administrator Robert Brice said the capital spending plan for 2019 would add up to $760,000 in appropriations funded through a bond issuance of $506,250.
This year, the capital budget will fund several purchases. Among them is the repair and reconstruction of the borough boat ramp on the bay at New Brunswick Avenue, which has fallen into disrepair over the last several years. On numerous occasions, residents and officials have spoken about the usefulness of the ramp in its current condition and how its usage has primarily been relegated to personal watercrafts rather than boats on trailers. The improvements are estimated to cost about $250,000.
The budget also includes the reconstruction and repair of Philadelphia Avenue from its midsection west of Route 35 to Bay Boulevard. The borough will also purchase a new front-end loader to replace the current one, which is more than 30 years old, said Mayor Walter LaCicero.
Finally, about $45,000 of the budget will be applied to the purchase of new meters for the borough’s municipal electric utility.
