Ordinance 6, 2026 Exceed the CAP (4/22/2026)

This document is Ordinance No. 6, 2026, from the City of Linwood, County of Atlantic, New Jersey. Its primary purpose is to authorize the City to exceed the municipal budget appropriation limits for the CY 2026 budget year. This allows for an increase of up to 3.5% over the previous year’s final appropriations, as permitted by N.J.S.A. 40:A:4-45.1. The authorized increase amounts to $362,222.61. The ordinance also establishes a "Cap Bank" under N.J.S.A. 40A:4-45.15a, enabling the municipality to appropriate any authorized but unappropriated amount from this increase in either of the next two succeeding years. This measure is deemed essential for promoting the health, safety, and welfare of the citizens of Linwood. The legislative process for this ordinance included a first reading on April 22, 2026, publication on April 23, 2026, and final passage and adoption on May 11, 2026. Certified copies of the ordinance are required to be filed with the Director of the Division of Local Government Services.