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Ramsey adopts cap‑bank ordinance and introduces 2025 municipal budget
Summary
The mayor and council adopted Ordinance O‑3‑20‑25 to establish a cap bank that gives the borough flexibility on municipal appropriations and introduced the 2025 municipal budget, which the borough says is under the state appropriation cap and proposes a municipal tax rate increase of 3.95 percent.
The Borough of Ramsey on Feb. 26 adopted Ordinance O‑3‑20‑25, a standard municipal "cap‑bank" measure that allows the borough to increase municipal appropriations up to a state‑allowed percentage (used for budget flexibility) and introduced the full 2025 municipal budget for public hearing and later adoption.
Councilman Gutwetter presented the ordinance in its final reading; the council approved adoption by roll call. Gutwetter described the measure as a standard municipal ordinance: "This does not impact the tax levy cap of 2%." The ordinance…
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