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Sayreville adopts ordinance to establish municipal "cap bank" allowing budget to exceed 2.5% levy cap
Summary
The Sayreville Mayor and Council adopted an ordinance to establish a cap bank that permits exceeding the 2.5% local property tax levy growth cap. The vote followed public comment raising questions about spending, recent grants, and staffing increases; council staff said they will follow up with written answers.
The Borough of Sayreville Mayor and Council on a May 2025 regular meeting adopted an ordinance to amend municipal budget appropriation limits and to establish a municipal “cap bank,” allowing the borough to exceed the normal 2.5% tax levy cap under state rules.
The ordinance, introduced and advanced on second and final reading at the meeting, passed on a roll-call vote after a public hearing. Council members closed the public hearing and moved to adopt the ordinance as advertised by law.
The measure matters because exceeding the 2.5% cap permits the borough to increase the municipal tax levy beyond the automatic limitation set by state rules; proponents say it preserves fiscal flexibility while critics say it can raise costs for residents.
During the public comment period, resident Jim Robinson pressed the council on several budget specifics and on perceived management choices. Robinson highlighted recent outside grant awards while…
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