Budd Lake is a small community town located within the area of Mount Olive Township. Budd Lake is actually located in the County of Morris. It was named after J. Budd. It has a total area of about 17 sq. kms. and located at an elevated height of about 930 ft. above the ground level. It is basically a glacial and natural lake and it is basically recharged through the seepage of ground water with the help of many nearby wetlands. Tourism is an important part of the local economic activity.