Close this search box.

Monday, May 27, 2024


Lower’s Finances in Order, Says Accounting Firm

LT Logo

By Christopher South

VILLAS – The Lower Township Council submitted the audit of its 2021 finances to the state Local Finance Board (LFB) Aug. 15. The finances are prepared by the accounting firm Ford, Scott & Associates, who say everything is in order. They told the LFB they have “No Comments or Recommendations.”  

Township Chief Financial Officer (CFO) Lauren Read gave a lot of credit to her staff in the Finance Department, as well as to other department heads. 

“I’m happy to have a good team. We’ve worked together for years and I’m grateful to have them doing the great job they do,” Read said. “That extends to the department heads as well. It’s definitely a team effort.”  

Township Manager Michael Laffey commended Read, saying an audit with no comments or recommendations means the CFO handles the township finances well. 

Council also authorized the payment of $3.6 million to Cape May County to cover its third-quarter taxes Aug. 15. The township is slated to pay over $12 million to the county in 2022 to cover its obligation to pay county purpose tax, the library tax and the open space tax.  

Of the total taxes collected by the township, about 18 percent is collected on behalf of Cape May County. Lower Township will collect over $66 million in taxes in 2022. 

“We’ve really got a great track record of how we keep track of everything. We are mindful of how we spend tax dollars,” Laffey said. 

Spout Off

North Cape May – Re: The North Cape May comment to vacation renters letting their dogs do their business on your property. You've got guts for your comment. Yes, I own a vacation rental property that is pet…

Read More

Wildwood – Another trash strewn, violent Memorial Day Weekend all over the Wildwoods Island. Hello Mayors and Police Chiefs you folks need to get more county and state law enforcement involved here before…

Read More

Wildwood – So Memorial Day Weekend has been ruined for families and respectful adults of all ages by the disrespectful violent teenagers and young adults that have ruined the boardwalk for everyone after 7 pm…

Read More

Most Read

Print Edition

Recommended Articles

Skip to content