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Red Bank commissioners approve first reading of FY2026 tax ordinance
Summary
The Board gave first reading approval to Ordinance 25‑1282, which makes the tax rate official for the fiscal year 2026; a second and final reading will be held at the August 5 meeting.
At its meeting, the Board of Commissioners of the City of Red Bank gave first reading approval to Ordinance 25‑1282, described by staff as the ordinance that will make the tax rate official for fiscal year 2026 and amends Ordinance 25‑1281. Director of Finance/Staff (name not specified in the transcript) told the Board the ordinance aligns the budget and the tax rate previously discussed during the Board’s budget meetings.
Commissioner Holmes moved to approve first reading; Commissioner Wilkinson seconded the motion. The mayor called for the public hearing; no members of the public rose to comment during the allotted public hearing period. The Board then voted and the motion carried on first reading. The City Recorder said second and final reading will occur at the Board’s meeting on Tuesday, Aug. 5.
Discussion: board members said the item had been discussed extensively during earlier budget meetings and that this action simply aligns the projected revenues with the adopted tax rate. No changes to the ordinance were recorded at first reading.
What’s next: second and final reading is scheduled for the Aug. 5 meeting; the ordinance must receive final approval at that reading to take effect for FY2026.
