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Council approves first reading to raise 2026 municipal budget cap to 3.5%
Summary
On first reading Council approved Ordinance 2026-06 to exceed the Local Government Cap Law limit and establish a cap bank, stating a 1.5% exception amount of $48,677 and a total 3.5% increase of $113,579.66 for CY 2026. The first reading passed 6–1.
Council introduced Ordinance 2026-06 to authorize exceeding the Local Government Cap Law limits (N.J.S.A. 40A:4-45.14) and to establish a cap bank for the 2026 municipal budget.
The ordinance text states a 1.5% exception amounting to $48,677 and a total 3.5% increase of $113,579.66 over the previous year’s final appropriations. Deputy Mayor Musick moved the ordinance on first reading and Councilmember Infinito seconded. The roll call vote recorded six ayes and one nay (Councilmember Gorshkov); the motion to approve the ordinance on first reading passed.
Council did not adopt the final budget at this meeting; the ordinance authorizes the increased cap for budget preparation and allows any unspent authorized amount to be retained as an exception in one of the next two succeeding years, consistent with statute.
