How Point Pleasant is run

Who runs Point Pleasant, what it costs, and where your money goes

The city manager, council pay, the budget, your property tax bill and who provides each service, from Point Pleasant's own public documents. Every number links to its source and says which year it describes. Checked Oct 10, 2026.

Who runs Point Pleasant

The elected mayor heads the city government and appoints its top administrator and department heads. The council passes laws, adopts the budget and sets the tax rate.

Borough of Point Pleasant · Jul 1, 2024

What they are paid

Borough Administrator Frank Pannucci, Jr.: base payNot confirmed2026. Borough of Point Pleasant · May 18, 2026
A council memberNot confirmed2026. The 2026 budget sets $46,680 for mayor and council salaries combined. We found no document stating each member's pay. Borough of Point Pleasant · May 18, 2026
The mayorNot confirmed2026. The 2026 budget sets $46,680 for mayor and council salaries combined. We found no document stating the mayor's pay. Borough of Point Pleasant · May 18, 2026

Point Pleasant city staff

The 2026 budget does not state a total head count. It gives salary totals by department; the last posted list of gross salaries is for 2015. We name pay only for elected officials and the city manager.

Is Point Pleasant in the red?

Cities must pass a balanced budget, so "profit" and "deficit" mean something different here. The useful questions: does the city's everyday money (the general fund) cover its everyday costs, how much does it keep in savings compared with its own target, and how big are its pension and debt bills.

General fund, 2026$26.2MOut of $34.7M across all city funds, which includes utilities and other money that can only be spent on one thing. Borough of Point Pleasant · May 18, 2026
Savings grew, 2025 (audited)+$329,413General fund revenue $92.6M, spending $89.7M. Borough of Point Pleasant · May 1, 2026

The city's own outlook

We found no multi-year forecast. The 2026 budget of $26.17M is below 2025's $26.50M. The municipal tax levy rises to $18.06M from $17.35M, and a council member described a 3.54 increase, about $81 a year on an average assessed home, driven by health care, pension and snow costs. The budget uses $3.575M of surplus, up from $3.375M. Borough of Point Pleasant · May 18, 2026

Savings

Unassigned general fund balance: $5M (2025-12-31). Borough of Point Pleasant · May 1, 2026

Pension promises not yet funded$17.3MPoint Pleasant's share of New Jersey's two state pension plans, measured June 30, 2025: $10.5M for the Police and Firemen's Retirement System (PFRS) and $6.8M for the Public Employees' Retirement System (PERS). The state carries another $2.1M of PFRS liability on the borough's behalf. (2025-06-30). State of New Jersey · Jan 1, 2026
Credit ratingAa2 (Moody's)2022-12-15. Borough of Point Pleasant · Aug 14, 2025

Why we skip the "budgeted deficit": many cities plan to dip into savings, then spend less than planned. The audited result tells you what really happened.

Where the money comes from and goes

The general fund only: the city's everyday money for 2026.

Comes from

  • Property tax for municipal purposes$18.1M · 69%
  • Fund balance (surplus) used$3.6M · 14%
  • State aid$1.2M · 5%
  • Local revenues (fees, fines and charges)$795,000 · 3%
  • Grants (public and private revenues)$695,028 · 3%
  • Construction code fees$595,000 · 2%
  • Shared service agreements with other towns$588,000 · 2%
  • Other (delinquent taxes and special items)$618,043 · 2%

Borough of Point Pleasant · May 18, 2026

Goes to (2026)

  • Salaries and wages$10.1M · 39%
  • Other operating expenses$9.1M · 35%
  • Deferred charges and statutory costs$3M · 11%
  • Debt service$2.3M · 9%
  • Reserve for uncollected taxes$1.5M · 6%
  • Capital improvements$150,000 · 1%

Borough of Point Pleasant · May 18, 2026

Who provides your services

Not everything in Point Pleasant is run by the city. Who provides a service decides whose budget pays for it and whose election decides it.

Compared with similar cities

The cities in this state closest in population that we cover. Read it for scale, not as a ranking: cities provide different services.

New MilfordNJDumontNJPoint PleasantNJElmwood ParkNJ
Residents17,13318,50119,71221,534
Top administrator's base payNot confirmedNot confirmedNot confirmed$41,724
Council member payNot confirmedNot confirmedNot confirmed$12,360
General fund per resident$1,631$1,706$1,328$1,923
Debt per resident$937$2,192$1,387$1,082
Unfunded pension per resident$993$842$878$1,035
City staff per 1,000 residents4.6———

Figures as shown in each city's section, divided by its population. Years differ by state, and pension figures are measured differently in each state (each city page says how).

What Point Pleasant publishes

What a resident can find online today. A "no" is something you can ask the council to publish.

Questions to ask your council

  1. The 2026 budget uses $3.575 million of the $5.04 million Current Fund balance left at December 31, 2025. How will the borough rebuild surplus for 2027?
  2. Point Pleasant's share of state pension liabilities was $17.3 million at June 30, 2025. How will rising required contributions be covered?
  3. The borough had $27.3 million of bonds, loans and notes at December 31, 2025, and the 2026 budget sets $2.32 million for debt service. What borrowing is planned next?
  4. The 2026 budget sets $46,680 for mayor and council salaries combined. Will the borough post each official's pay?

See who is running for council

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