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Hopatcong council narrows 2025 capital plan, agrees to short-term borrowing to lower tax impact
Summary
During a budget work session April 15, the Hopatcong Borough Council trimmed several capital requests and signaled support for a short-term bond anticipation note of about $300,000 to reduce a projected double-digit tax increase.
Hopatcong Borough Council members agreed during an April 15 budget work session to trim parts of the 2025 capital program and pursue short-term borrowing to reduce the size of a proposed tax-rate increase. Council members discussed and adjusted capital requests across several departments and signaled support for issuing a short-term bond anticipation note of roughly $300,000 as a bridge to damp the tax impact this year.
The council spent more than three hours reviewing departmental capital requests — from police vehicles and public-safety building work to field repairs, firehouse maintenance and sewer equipment — and made multiple reductions and rephasing choices. Administrator Shelby (first name recorded in the transcript as Shelby) and CFO/finance staff Judy (first name recorded as Judy) led budget…
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