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Boonton council adopts 2026 municipal budget and cap bank; council and CFO outline roughly 2% municipal tax impact
Summary
Boonton council adopted an ordinance to establish a cap bank and subsequently approved the 2026 municipal budget (including a minor amendment). The CFO said the town's municipal share is about a 2% tax increase while the school budget rose 6.25%, producing an overall average taxpayer burden near 4%.
The Boonton Town Council voted on May 4 to move forward the ordinance to exceed municipal appropriation limits for a cap bank and then adopted the 2026 municipal budget (Resolution 26-114) with a minor line‑item amendment (26-115).
During the public hearing on the cap bank, resident Mike Leo asked about the net tax impact. The town CFO answered that…
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