Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Ridgewood council previews $7.47 million capital plan, delays operating‑budget introduction to March 11
Summary
At a Feb. 9 special meeting, the Ridgewood Village Council reviewed a $7,469,500 2026 capital program and agreed to introduce the capital bond ordinance on Feb. 11 while moving the operating‑budget introduction to March 11 to give residents more time to review materials. Staff flagged revenue shortfalls tied to one‑time tax receipts and projected increases in insurance and debt service.
The Ridgewood Village Council on Feb. 9 reviewed a proposed $7,469,500 capital budget and agreed to introduce the bond ordinance for that spending on Feb. 11, while moving the operating‑budget introduction to March 11 to avoid stacking multiple major items on one meeting and to give residents more time to review proposed materials.
Mayor Baguanos told the council he wanted to “bump the introduction of the budget from our February meeting to our March meeting” so the council would not repeat the prior meeting’s late finish when affordable‑housing ordinances were on the same agenda. Staff said capital could still be introduced on Feb. 11 and that the estoppel period would run before projects could proceed.
Why it matters: staff and council members said the change gives administrators more time to finalize revenue estimates and lets the public review a user‑friendly version of the operating budget before a hearing and final adoption. Finance staff cited a revenue gap driven by the loss of certain one‑time receipts and stricter statutory limits on anticipated delinquent‑tax collections.
Staff and council members…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
