Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Budget topic
No spam. Unsubscribe anytime.
Union County lists FY2026 budget and CAP-bank item at agenda-setting session
Summary
At its March 26 agenda-setting meeting the Union County Board introduced the FY2026 budget and discussed establishing a CAP bank under state law; Finance Director Bibita Taylor explained the COLA and levy constraints and said the county would bank a portion of the allowable CAP.
Union County commissioners listed the county's FY2026 annual budget and an item to establish a CAP bank at their March 26 agenda-setting meeting in Elizabeth.
Finance Director Bibita Taylor explained the mechanics behind the Cost of Living Adjustment and the CAP bank under N.J.S.A. 40A:4-45.14, saying the law limits what can be added to the levy (exceptions include debt service, emergency appropriations, pensions and health benefits). Taylor said the state had approved a 2% increase in this instance and that, accounting for applicable exceptions, the county could add about 1.85% beyond that in allowable CAP; she told commissioners that the county would not be using the full 1977 CAP allowance and planned to bank a portion of the CAP for later use. The record does not specify the exact dollar amounts banked.
Commissioner Kimberly Palmieri-Mouded placed the budget item on the agenda for board consideration. The agenda materials show the board listed the introduction and approval of the FY2026 budget during the session.
The meeting record does not include a detailed adoptive vote on budget line items during the agenda-setting session; the board follows regular-meeting procedures for final approval and additional budget actions.
