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Caldwell council adopts ordinance to establish a municipal cap bank (Ordinance 1495-26)
Summary
Ordinance 1495-26, to exceed municipal budget appropriation limits and establish a cap bank under N.J.S.A. 40A:4-45.14, was adopted unanimously after a public hearing with no public comment.
The Borough of Caldwell Council adopted Ordinance 1495-26 at its May 5, 2026 meeting. The ordinance, described as "an ordinance to exceed the municipal budget appropriation limits and to establish a cap bank (N.J.S.A. 40A:4-45.14)," was opened for public hearing with no speakers and then adopted by roll-call vote.
Councilman Brown moved to adopt Ordinance 1495-26 and Council President Buechner seconded; the motion carried with all members present voting in the affirmative. The ordinance was thereby adopted on May 5, 2026.
The ordinance citation in the meeting materials references N.J.S.A. 40A:4-45.14 in its title; the transcript records no debate or public comment during the hearing.
