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Council flags steep health‑benefit and energy‑tax risks to Waldwick budget
Summary
Council members warned that state health‑benefit cost increases could raise borough expenses by roughly $450,000 and that mismanaged energy‑tax receipts may expose the borough to a potential $2.5 million liability, prompting plans for near‑term and long‑term budget reviews.
Council members told the Sept. 30 meeting that the borough faces notable fiscal pressures heading into next year.
Councilman Ritchie said the finance committee has postponed regular meetings to allow the new administrator to transition, but cautioned that state actions could drive health‑benefit costs up “as high as…
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