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Merchantville council adopts 2026 municipal budget, sets public hearing May 11
Summary
The council approved the 2026 municipal budget (total general appropriations $6,276,524.98; amount to be raised by taxation $4,695,349.12) and scheduled a public hearing on May 11, 2026 at 7:30 p.m. for taxpayer objections.
On April 13 the Merchantville Borough Council approved the municipal budget for fiscal year 2026 and set a public hearing date for May 11, 2026.
Council Member Anthony Perno moved to adopt the budget resolution; Council Member Dan Sperrazza seconded and the council approved the municipal budget. The minutes list total general appropriations of $6,276,524.98, anticipated revenues of $1,581,175.86, and an amount to be raised by taxation of $4,695,349.12. The resolution directs publication of the budget summary by title in The Retrospect and on the borough website and notifies taxpayers that objections may be presented at the May 11 hearing at 7:30 p.m.
The minutes also note changes in budgetary posture: the council discussed a 0.596-cent increase (minutes phrase) and that the CAP Bank is exhausted; surplus decreased by $300,000 and the borough reduced the budget by $100,000. The record states there will be no capital budget this year or next and that officials are exploring asset sales and bonding for permanent financing to address lost revenue, rising costs and reductions in state aid.
The council's approval of the budget in the minutes does not include a recorded roll-call vote tally; the motion and second are recorded in the official meeting record.
