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

MUST READ NEWS

Addiction walk planned in Franklin
A one-and-a-half-mile walk will be held on Saturday, Aug. 5, commencing at the Franklin...
Wantage man faces child endangerment charge
A wantage man faces charges after Franklin Borough police investigated a complaint of child endangerment in the...
Image Little Spartans lad the way at tourney
The youth Brazilian Jiu-Jitsu students of Miller Brothers...
Image ShopRite announces scholarship winners
RoNetco Supermarkets, operators of ShopRite supermarkets in Sussex, Morris and Warren counties, has announced the scholarship...

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.

Comments

Pool Rules



MOST COMMENTED



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