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Eatontown council adopts amended 2026 municipal budget after public hearing
Summary
After a brief public hearing the council adopted the 2026 municipal budget amendment that incorporates valuation changes and capital adjustment; the CFO summarized small tax-rate movements and the council approved adoption by roll call.
The council opened and then closed a public hearing on the borough's 2026 municipal budget amendment and moved to adopt the budget by roll call.
CFO Bob walked council and the public through the amendment, saying it reflected decreased assessments (citations to changes in major utility valuation) and adjustments to the capital improvement fund. He summarized the net effect on the local tax rate and the dollar change in taxes from the introduced to amended levels. After the public hearing closed, the council adopted the amended budget by roll-call vote.
Council members used the discussion to emphasize fiscal caution and ongoing monitoring of surplus and revenues. "We should be very careful with how we watch the budget because the revenues that we're counting are fluid," one council member said, urging oversight as the borough addresses debt-service obligations and surplus usage. The CFO noted borough controls to monitor revenues and appropriations and said the borough enters the year with a reasonably healthy starting surplus.
