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Agency adopts 2026 budget after public hearing; state had reviewed the plan
Summary
The Sayreville Economic and Redevelopment Agency held a public hearing on and adopted its 2026 budget after the state reviewed the proposal; the finance speaker reported appropriations and revenues and commissioners approved the budget by roll call.
Wayne (finance lead) presented the agency’s 2026 budget and said the appropriations amount to $4,276,000 and that revenues — including $42,000 from retained earnings — matched the figure reported on the presentation. He said the budget had been reviewed by the state and was approved for adoption that night. The agency opened a public comment period and, with no public speakers recorded on the budget, commissioners adopted the 2026 budget by roll call.
Wayne also reported that escrow accounts have been reconciled and that earlier deficits appearing in the 2024 audit had been cleared. Commissioners asked procedural questions about state forms and noted that Department of Community Affairs forms can contain legacy language.
What happens next: The adopted budget will be posted per statutory notice requirements and agency staff will proceed with implementation subject to usual municipal financial controls.
