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

Take this test
In a recent column, New York Times op-ed writer Timothy Egan wrote the following:
“Nearly one in three Americans cannot name a single branch of government. When NPR...

Read more »
Image

Some glitches seen in deadline week for 'Obamacare' sign-ups
By RICARDO ALONSO-ZALDIVAR
Consumer advocates reported some glitches Monday in the final days for “Obamacare" sign-ups, although the Trump administration largely...

Read more »
Image

Why rent when you can own?
Opportunity is knocking and now is the time to snatch up a great home at a price you can afford.
An immaculate end unit with...

Read more »
Image

Vernon native promoted to major
VERNON — Matthew Shull, son of Thomas Shull and Trudy Randall of Vernon, was sworn in to the rank of Major in the United States Air Force on Nov. 5, 2017. Matthew, a...
Read more »
Image

VIDEOS



E-NEWSLETTER

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.

* indicates required
Community Newspapers


MOST READ

Local News
Crystal Springs offers Christmas menu
  • Dec 11, 2017
Entertainment
Capitol Steps to perform in Morristown
  • Dec 8, 2017
Local News
VTHS inducts new NHS members
  • Dec 11, 2017
Local News
State launches new trails app
  • Dec 7, 2017

MOST COMMENTED



Find more about Weather in Lafayette, NJ