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Chair certifies 3.25% annual rate increase for 2026
Summary
At the Highland Park meeting, the chair presented a memo averaging New York and Philadelphia metro CPI figures and the board approved a 3.25% annual rate increase for 2026 by voice vote; a Zoom outage prevented remote public comment.
The Chair opened the Highland Park meeting and certified a 3.25% annual rate increase for 2026, saying the figure came from an average of CPI data for the New York and Philadelphia metropolitan areas.
According to the Chair, Jacob circulated a memo showing the U.S. Bureau of Labor Statistics CPI figures for those metro areas were averaged to produce the 3.25% figure, and the board moved, seconded and approved the certification by voice vote.
The action followed a procedural approval of minutes from the April 24, 2025 meeting, in which meeting members agreed to a minor clerical amendment suggested by "Miss Pier." The Chair said Jacob had emailed the draft minutes prior to the session.
The meeting recorded a technical failure of the Zoom feed during the session. The Chair noted that under the Open Public Meetings Act the meeting was properly held in person and that Zoom is provided as a secondary service; because Zoom was unresponsive, remote public comment could not be accepted at this meeting.
The Chair then asked whether anyone present wished to raise other business; with none, a motion to adjourn was made, seconded and approved and the meeting ended.
Actions recorded at the meeting included approval of the April 24, 2025 minutes and certification of the 3.25% annual rate increase for 2026. No remote public comments were recorded due to the Zoom outage.
