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New Providence introduces 2026 budget, proposes $2.6M in capital projects and a 3.42% municipal tax rate
Summary
Council introduced the 2026 municipal operating budget totaling about $28.1 million with a proposed municipal tax increase equal to a 3.42% rate (about $131 per average home) and a $2.6 million capital plan focused on stormwater, roads and municipal facilities; a public hearing is set for April 28.
The New Providence Borough Council introduced its 2026 municipal operating and capital budgets and set a public hearing and adoption vote for April 28, 2026. Finance committee members presented an overview that foregrounded fiscal restraint, a forward-looking capital plan and efforts to protect the borough's AAA bond rating.
The proposed operating budget is roughly $28.1 million. Council said that figure translates to a municipal tax-rate component of 3.42%, an increase the administration characterized as under state cap requirements and equivalent to about $131 per…
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