Citizen Portal
Sign In

Lifetime Citizen Portal Access — AI Briefings, Alerts & Unlimited Follows

Get Lifetime Access

Borough issues $14.4M bond anticipation notes at 2.35%; budget introduction moved to April 21

Tinton Falls Borough Council · March 18, 2026

Loading...

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

CFO and interim business administrator Mr. Fallon said the borough closed on $14.4 million in bond anticipation notes carrying a true interest cost of 2.35%; he also said the borough plans to introduce the 2026 budget on April 21 and hold a public hearing and adoption on May 19.

Tinton Falls closed on $14.4 million in bond anticipation notes and secured a true interest cost of 2.35%, the borough's chief financial officer and interim business administrator said at the March 17 council meeting.

"Last week, I closed on the issuance of $14,400,000 in bond anticipation notes for the borough. And I'm happy to report that we received an interest rate of 2.35%, true interest cost on the issuance of those notes," Mr. Fallon told the council.

Mr. Fallon also said the borough moved its budget calendar: the administration plans to introduce the municipal budget on April 21, with a public hearing and adoption scheduled for May 19.

No additional budget details or the planned uses of bond proceeds were provided in the meeting transcript; Mr. Fallon gave the numeric amounts and the revised schedule.