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Ridgefield Park adopts ordinance to establish municipal budget cap bank (Ordinance 2026-10)
Summary
On May 12 the Village Board adopted Ordinance 2026-10 on second reading to exceed municipal budget appropriation limits and establish a cap bank under N.J.S.A. 40A:4-45.14; the publication affidavit was filed and the ordinance passed on a unanimous roll call.
The Village Board of Commissioners adopted Ordinance 2026-10 on second reading and final passage during its May 12 meeting. Mayor Adam MacNeill read the ordinance by title: "AN ORDINANCE TO EXCEED THE MUNICIPAL BUDGET APPROPRIATION LIMITS AND TO ESTABLISH A CAP BANK (N.J.S.A. 40A:4-45.14)." The Village Clerk presented an affidavit of publication showing legal notice had been given; the board then voted to adopt the ordinance by roll call, with Commissioners Anlian, Gerken, Mirza, Portorreal and Mayor MacNeill recorded as voting YEA.
The ordinance, as read, would permit the municipality to exceed the municipal budget appropriation limits and establish a cap bank under the cited New Jersey statute. The minutes show that a public hearing was opened and the clerk's affidavit of publication was ordered filed; no public objections or separate amendments were recorded in the minutes.
