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New Providence introduces $28.1 million 2026 budget; council sets April 28 public hearing
Summary
Council introduced a $28.1 million municipal budget that would raise the municipal tax levy by 3.42% (about $131 on the average assessed home) and outlined a $2.6 million capital plan that includes stormwater work, road resurfacing and public‑safety equipment; a public hearing and final vote are scheduled for April 28, 2026.
Borough officials presented the administration’s proposed 2026 municipal budget and a multi‑year capital plan during the March 24 council meeting.
Finance presenters said the proposed operating budget is approximately $28.1 million and would produce a municipal tax‑rate increase of 3.42%, which the administration estimated would equal about $131 additional per year on the average assessed home in New Providence. Speakers cited non‑discretionary cost drivers — including insurance increases (health insurance up 18% in the narrative), pension costs and tax appeals — and said the borough pursued…
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