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Council introduces ordinance to bank unused municipal CAP for 2026
Summary
Councilmember Chapes moved to introduce Ordinance 1-2026 to exceed 2026 municipal budget appropriation limits and establish a cap bank under N.J.S.A. 40A:4-45.14; the motion passed unanimously on roll call.
The Borough of Clayton Council introduced Ordinance 1-2026 at its Jan. 22, 2026 work session, a measure to exceed municipal budget appropriation limits and to establish a cap bank for calendar year 2026 under N.J.S.A. 40A:4-45.14. Councilmember Chapes moved the ordinance and Councilmember Long seconded; a roll call vote recorded Wolak, Rollo, Chapes, Moorhouse, Vondran and Long as voting "yes."
The ordinance is intended to preserve budget flexibility through a cap bank mechanism for 2026 budget planning. The introduction begins the formal ordinance process; additional readings or a public hearing will be scheduled in accordance with municipal procedures and state law. The meeting minutes do not specify the ordinance text beyond its statutory citation and purpose.
