Board debates $2,500 threshold for 'substantial financial interest'
Members discussed whether to keep the boroughs longstanding $2,500-per-year threshold for reportable financial interests or lower it to $1,000; the attorney recommended restoring $2,500 for consistency with local practice.
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The Board of Ethics spent substantial time Oct. 21 debating the monetary cutoff that defines a "substantial financial interest." Attorney Joe Levesque told members the borough historically used a $2,500-per-year test and recommended restoring that figure in the draft ordinance to avoid confusion with other jurisdictions that use different amounts.
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