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Council hears temporary emergency appropriations; administration warns of $29 million equalization funding gap
Summary
Council reviewed a set of temporary emergency appropriations including funds for hiring police officers and overtime, while the business administrator said the city is pursuing an extension and state assistance to address an approximate $29 million shortfall tied to equalization and revaluation issues.
City officials presented a package of temporary emergency appropriations and discussed the city’s still‑outstanding 2025 budget timeline and an estimated equalization shortfall.
Business Administrator Eric Pennington told the council the city had appealed a state fine and requested an extension from the New Jersey Department of Community Affairs (DCA) after missing a filing deadline. He said the administration expects to introduce a budget in mid‑July and would ask the council to meet for a special session. Pennington…
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