Wantage adopts cap bank for emergency


Make text smaller Make text larger




The Wantage Committee unanimously passed an ordinance to establish a Cap Bank of 3.5 percent on Thursday, April 10

At the committee's next meeting on April 24, Wantage will introduce its proposed 2014 budget of $6,390,796 for a public hearing. The proposed 2014 budget amount is $216,098 less than the 2013 budget.

According to New Jersey state law, when a municipal government limits an increase of 0.5 percent from one calendar year to the next, the township may bank 3.5 percent of the prior year budget to allow more flexibility. State law also stipulates the cap bank be adopted before the adoption of the budget.

Wantage will bank $124,413 to be used within the next two years in case of emergency.


Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Image Quickbooks Expert Rochelle Dejong: Outsourcing Your Company's Bookkeeping
Outsourcing a “back-office” function such as bookkeeping to R&D allows you to focus on the core of your business. So if your business needs a bookkeeper for only a few...
Image Insurance Expert Patrick Hughes: Life Insurance
Life insurance helps provide your loved ones with a level of financial security after you're gone. You pay a premium , and if the unexpected happens, your beneficiaries receive a...
Image Project Help seeks artists
Project Help is calling Artists to participate in “Visions in Black & White” art show and auction.
Project...
Image In Vernon, it's 9 n Dine
Golfers participated in 9 n Dine on Thursday, Aug. 17, at Ballyowen Golf Club, a program that includes golfing, eating and...

VIDEOS



Sign up to get our newsletter emailed to you every week!

  • Enter your email address in the box below.
  • Select the newsletters you would like to subscribe to.
  • Click the 'SUBSCRIBE' button.

Subscribe to our mailing list

* indicates required
Community Newspapers


MOST COMMENTED



Click on the ad above to print your coupon!
Find more about Weather in Lafayette, NJ