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SPRING LAKE HEIGHTS — The borough mayor and council introduced an ordinance to exceed the municipal appropriation limits and to establish a cap bank, during their last meeting on Monday night.
According to the ordinance, the borough will increase its Calendar Year 2024 budget by 3.5 percent, amounting to $219,925.19, “in the interest of promoting the health, safety and welfare of the citizens.”
“This is a standard ordinance we do every year to give us some budget flexibility, it does not represent any actual new spending,” Councilman and Finance Committee Chair John Casagrande said.
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A second reading and public hearing on the introduced ordinance is expected to be included as part of the council’s next meeting, scheduled for Tuesday, Feb. 20.
For more on this story, read the next edition of The Coast Star—on newsstands Thursday or online in our e-Edition.
Check out our other Spring Lake Heights stories, updated daily. And remember to pick up a copy of The Coast Star—on newsstands Thursday or online in our e-Edition.
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