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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 the municipal share of the tax increase is about 2%, the Boonton School District approved a 6.25% increase, and the county share is roughly 3.5% — the combined effect on an average taxpayer is typically higher than the municipal share alone and was described in discussion as about 4% overall.
Council members repeatedly thanked the finance committee and department heads for work on the budget. Council members said many contractual obligations and bargaining‑unit increases constrained reductions; elected officials said they aimed for a 2% municipal target but faced rising health‑insurance and other costs.
Council conducted roll calls to advance the ordinance, open the public hearing, and approve the budget and amendment. Recorded roll calls during the meeting showed affirmative votes to adopt the budget as amended.
What happens next: The budget is adopted for the municipal year; residents who want more detail were directed to the detailed presentation posted on the town website and to follow school and county actions that affect total tax bills.
