Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Local Economy topic
No spam. Unsubscribe anytime.
Pompton Lakes council approves Business Improvement District (SID) budget for final adoption process
Summary
Council approved the 2026 Business Improvement District (SID) budget for second reading and final adoption; the hearing included a short public comment and a roll-call approval to advance the SID budget.
The Pompton Lakes Borough Council voted on April 8 to advance the 2026 Business Improvement District (SID) budget to second reading and final adoption.
Council opened a public hearing on the SID budget and allowed questions about how the BID assessment is calculated. Staff explained the property assessor determines assessed value and the BID board applies the assessment percentage; council clarified that the borough collects the assessment and passes it through to the BID board, which controls the funds.
After hearing no public objections, the council moved, seconded and recorded a roll-call vote to approve the SID budget for second reading and final adoption. The council noted the SID funds are collected from landowners under classifications established by the BID and appealed as appropriate to the assessor’s office.
What comes next: with the motion approved, the SID budget will return for second reading and final adoption at the scheduled council meeting. The public will have opportunity to comment at that time.
