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Upper Hanover board advertises $4.37 million 2026 draft budget and adopts interfund transfer resolution
Summary
Board members voted to advertise the draft 2026 General Operating Fund budget showing $4,371,025 in expenses and $3,786,934 in revenue, and adopted Resolution No. 2025‑37 authorizing planned interfund transfers to cover the $584,091 shortfall.
The Upper Hanover Township Board of Supervisors voted unanimously to advertise the draft 2026 General Operating Fund budget for public comment and to adopt a resolution authorizing 2025 budgeted interfund transfers.
Budget & Finance chair Ben Fiorito presented the draft budget, which lists $4,371,025 in expenses and $3,786,934 in projected revenue, producing a $584,091 shortfall. The draft assumes that prior‑year fund balance will fund the shortfall and anticipates planned interfund transfers totaling $661,280. Supervisor Stefan Laessig moved to advertise the budget for public comment and consideration of adoption; the motion passed 5‑0.
The Board also adopted Resolution No. 2025‑37 authorizing the 2025 budgeted interfund transfers; that resolution passed 5‑0. The advertisement begins the public comment period and sets a timeline for formal consideration of adoption by the Board.
Why it matters: the draft budget frames the Township's planned spending levels and funding approach for 2026 and signals the use of fund balance and interfund transfers to balance the operating plan. The public comment period offers taxpayers an opportunity to review revenue and expense assumptions before adoption.
What happens next: the advertised budget will be available for public comment and scheduled for a future meeting where the Board may consider final adoption following any public input.
