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Ventnor adopts ordinance creating cap bank to allow up to 1% additional appropriations
Summary
The Ventnor City Commission adopted an ordinance allowing the city to exceed the municipal appropriation limit by up to 1% (moving from 2.5% to 3.5%) and to bank unused capacity for future years; the public hearing drew no speakers and the ordinance passed on roll call.
The Ventnor City Commission on Jan. 22 adopted ordinance 2026-001 to exceed the municipal budget appropriation limits and establish a "cap bank." City officials said the change allows the city to use an additional 1% of the appropriations limit (raising the potential cap from 2.5% to 3.5%) and to "bank" any unused portion…
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