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Kenilworth advances 2026 budget reading and introduces cap-bank ordinance
Summary
Council moved to read the 2026 budget by title for public hearing and introduced Ordinance 2026-10 to permit "cap banking" (carrying forward unused municipal budget capacity). Officials said growth in ratables and savings on health benefits helped stabilize the tax outlook.
Kenilworth councilors on May 5 advanced the borough's 2026 municipal budget by reading it by title for a public hearing and introduced an ordinance to allow "cap banking," a practice that permits municipalities to carry forward unused budget capacity into future years.
Councilman Morrow, the finance committee chair, told the meeting the projected average household tax increase had shifted during committee…
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