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Rutherford administrator details 2025 budget picture; flags insurance anomaly and capital priorities
Summary
Borough Administrator Bob presented a preview of the 2025 budget showing steady surplus use, modest increases in wages and library funding, an insurance-billing timing benefit this year, and capital plans for streets, vehicles and parks.
Borough Administrator Bob presented a preview of the borough’s 2025 budget, reporting steady local revenues and a continuing pattern of surplus usage while outlining planned spending and capital projects.
Bob said the borough’s surplus has been a consistent share of the budget in recent years and highlighted revenue and spending line changes: salary and wages up about 2.6%; library funding up about 2.7%; general department operating costs (utilities, insurance, pension contributions, disposal fees and other statutory items) up in dollar terms; debt service up by about $85,000 (roughly 3.5% overall). Professional services were down slightly, and grant…
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