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Northfield council approves ordinance to create 2026 budget "cap bank"
City of Northfield City Council · February 24, 2026
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Summary
On Feb. 24 the City of Northfield adopted Ordinance 2‑2026, allowing the municipality to exceed appropriation limits and establish a cap bank under N.J.S.A. 40A:4‑45.14; no public comment was offered during the second reading and the ordinance passed on roll call.
The City of Northfield council adopted Ordinance 2‑2026 at its Feb. 24 meeting, permitting the municipality to exceed the municipal budget appropriation limits and establish a cap…
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