Glenridge council adopts 2026 municipal budget after small amendment

The Glenridge Borough Council voted to adopt the 2026 municipal budget on a unanimous roll-call after approving a minor amendment.

Councilor Lefkowitz presented the budget and said the borough remains triple-A rated because of conservative debt practices and pay-as-you-go capital financing. He described the bureau’s fund-balance policy and said municipal taxes reflect a roughly 1% increase for municipal services. “We are very, very conservative with debt raising in Glenridge,” he said.

Councilor Lefkowitz moved an amendment (resolution 88-26) that reduced the surplus anticipated by $46,500 and increased anticipated payment-in-lieu-of-taxes (PILOT) revenue by $65,000; the council seconded and approved the change by roll call. The mayor opened the public hearing on the budget; there were no public comments and the hearing was closed.

After the hearing closed, councilor Lefkowitz moved resolution 89-26 to adopt the 2026 municipal budget by title; the council approved the adoption by roll call.

The presentation outlined revenue and expenditure trends: nontax revenues have been relatively flat while expenses are increasing year-over-year, the speaker said, and the municipal portion of the property tax burden was about 1% of the household impact described in the presentation. The presenter noted that the board of education receives the largest share of the overall property tax levy and that the commercial share of value in town declined from 9% to 6%.

The council also approved a separate resolution (90-26) authorizing refunds to taxpayers due to duplicate payments. The meeting materials and the adopted budget will be posted on the borough website for review.

The council said routine budget materials, line-item detail and supporting documents are available online for residents wishing to review them further; no additional public hearing was scheduled.