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Council introduces $990,000 bond ordinance for capital purchases (1st reading)
Summary
The council introduced bond ordinance 26-18 to appropriate $990,000 for public improvements, equipment and vehicles; a final hearing is scheduled for August 6, 2026 at 7:00 p.m. Borough staff said the funding covers larger-ticket items outside the normal budgetary process.
Elmwood Park officials introduced bond ordinance 26-18 on July 16, proposing to appropriate $990,000 to finance various public improvements and to authorize the issuance of bonds and bond anticipation notes. Borough staff described the ordinance as a mechanism to fund higher-cost capital items and equipment that fall outside the regular annual budget.
The ordinance is on first reading; the council set a final hearing for Thursday, August 6, 2026 at 7:00 p.m. Residents will have an opportunity to speak at that hearing, and the borough clerk is authorized to advertise the notice of introduction and final hearing as required by law.
