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Red Bank council adopts ordinance to raise municipal appropriations cap to 3.5%
Summary
On final reading the council adopted Ordinance 2026-03 to exceed the 2026 municipal appropriations cap, allowing the borough to bank up to 3.5% under the cited statute; staff explained the difference between the appropriations cap and the 2% levy cap and one resident said she did not understand the measure.
The Red Bank Borough Council adopted Ordinance 2026-03 on final reading to exceed calendar-year 2026 municipal budget appropriation limits and to establish a cap bank under the statute cited in the meeting.
Staff explained that the ordinance affects the appropriations cap — a historical statute separate from the better-known 2% levy cap — and that by passing the ordinance…
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