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Fanwood council introduces 2025 municipal budget, cites one-time grants and rising insurance costs
Summary
The Fanwood Borough Council on April 21 authorized the public introduction of the 2025 municipal budget, citing about $1.35 million in large state grants this year that inflate revenues and appropriations and notable increases in insurance and debt service that drive a roughly $750,000 increase in appropriations excluding grants.
Fanwood Borough Council on April 21 moved to introduce the calendar-year 2025 municipal budget and authorized public posting of the proposed plan, after a presentation by borough finance staff and questions from a resident about grant-driven swings in the figures.
During public comment, Michael Lewis, a Fanwood resident, said he was “rather concerned” about a projected roughly $2.2 million increase in operating expenses for 2025 and asked whether grants were unusually high this year or unusually low in 2024 and what would happen if grant levels fell in future years.
Jesse, the borough’s chief financial officer, answered that Fanwood received two substantial grants from the New Jersey Department of Community Affairs this year — about $1,000,000 for capital improvements and $350,000 to renovate tennis courts — that make…
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