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Allendale CFO says 2026 budget keeps average tax hit to 0.9%; council readies cap-bank vote and BPU outreach over Veolia rate case
Summary
Allendale officials told the council that the 2026 municipal budget will translate to a 0.9% average tax impact; the council introduced a cap-bank ordinance and discussed pressing the Board of Public Utilities on a Veolia rate case tied to the borough’s 2021 water-sale agreement.
Allendale’s administrator and CFO told the mayor and council on March 26 that the borough’s 2026 municipal budget will result in an average 0.9% tax impact for homeowners and that staff worked to mitigate rising health-benefit costs.
Allison Montana said health insurance premiums increased roughly 35%–50% this cycle, a major pressure on municipal finances, but said advance planning, use of reserves and a new community finance engagement committee helped keep Allendale’s impact far below some nearby…
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