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Caldwell council introduces ordinance to bank unused 2026 tax-cap authority
Borough Council of the Borough of Caldwell · April 7, 2026
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Summary
The Borough Council introduced Ordinance 1495-26 on April 7 to exceed municipal budget appropriation limits and establish a 'cap bank' under N.J.S.A. 40A:4-45.14; the introduction passed unanimously after CFO Chris Battaglia explained the need.
The Borough Council of Caldwell introduced Ordinance No. 1495-26 on April 7, allowing the borough to exceed this year’s municipal budget appropriation limits in order to establish a cap bank under state statute. CFO Chris…
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