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Princeton introduces 2026 budget as library trustees and patrons urge full funding
Summary
Council introduced a near‑$85 million municipal budget with an anticipated municipal tax rate increase under 3.2%; library trustees and community members urged the council to fully fund library services after the institution cut hours and programs due to budget pressure.
The Princeton Mayor and Council introduced the municipality’s 2026 budget on March 23, with staff and finance leaders describing difficult choices driven by steep increases in nondiscretionary costs and by new operating expenses tied to recent municipal priorities.
Finance chair said the draft municipal budget is just under $85 million and that efforts during committee review reduced an initial larger levy increase to slightly above a 3 percent municipal rate increase when library funding is included. Sandy (municipal finance staff) said group insurance costs rose about 36 percent and account…
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