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Lambertville introduces $8.45 million 2026 budget, schedules June 4 hearing
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Summary
Mayor Knight introduced a proposed $8,452,188.98 municipal budget that would raise the municipal tax rate from 0.454 to 0.461; the public hearing for final adoption is set for June 4, 2026.
Mayor Knight introduced the City of Lambertville's proposed 2026 municipal budget at the council's April 23 meeting, saying the plan totals $8,452,188.98 and is supported by a municipal tax levy reported as roughly $4,000,000.47.
The mayor said the proposal would increase the municipal tax rate from 0.454 in 2025 to 0.461 in 2026, which he estimated would raise the bill for an average assessed home (at $473,591) from about $2,151.22 to $2,184.78—approximately $33 per year, or under $9 per quarter. The budget message and a full line-item breakdown will be posted to the city's website; the mayor said the message should be released within the week.
The mayor cited several factors that complicated the budget this year, including an assessment error from the prior year, a transition to new health insurance funds, and ongoing negotiations with the police benevolent association. He said those items created “a lot of moving parts” and contributed to the late introduction of the budget.
The council moved to introduce the budget and scheduled a public hearing and adoption for June 4, 2026. Mayor Knight invited residents to review the posted budget once it is published on the city website and to submit questions in advance; he said staff are available to answer questions prior to adoption.
What happens next: the full budget will be posted online, and council will hold a public hearing June 4, 2026 before any final vote on adoption.
