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West Windsor CFO outlines small tax increase as fund balance falls, urges adoption of capital ordinance
Summary
Township CFO John Waters presented the 2026 budget wrap-up showing a $1.6 million drop in fund balance and a proposed $2.2 million increase in the amount to be raised, a change the CFO said equals about $14.80 a year for the average household; council will need to adopt a capital ordinance before introducing the full budget.
The West Windsor Township Council received a detailed budget preview on Feb. 27 as Chief Financial Officer John Waters outlined revenue assumptions, a decline in reserves and a narrowly targeted tax increase to stabilize finances.
Waters said the township is increasing anticipated interest income by $500,000 — from $900,000 to $1.4 million — after unexpectedly strong investment returns. He also reported modest increases in sewer revenue and a $224,000 addition to the capital fund balance tied to premium proceeds on short-term notes.
"We're increasing the anticipation of interest on investment and deposits by…
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