The FAC shall serve in an advisory capacity, providing guidance to the Township Committee regarding the municipality’s fiscal affairs. The FAC may review publicly available documentation and hold discussions on relevant considerations, including means of achieving financial responsibility, means of offsetting the property tax burden for Holmdel residents, and identification of potential new revenue opportunities. The FAC may make recommendations, which shall be transmitted to the Township Committee by the Township Committee Liaison. Members of the FAC are also encouraged to attend public meetings of the Township Committee that involve discussions or actions relating to the Township’s finances, including but not limited to the annual budget.
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