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--- Document: Ordinance #2026-01 COLA Adopted (pdf) Document ---
BOROUGH OF SPRING LAKE HEIGHTS
ORDINANCE NO. 2026-01
AN ORDINANCE TO EXCEED THE MUNICIPAL APPROPRIATION LIMITS
AND TO ESTABLISH A CAP BANK (2026) PURSUANT TO N.J.S.A. 40A:4-45.14
WHEREAS, the Local Government Cap Law, N.J.S. 40A: 4-45.1 et seq., provides that
in the preparation of its annual budget, a municipality shall limit any increase in said budget up
to 2.0% unless authorized by ordinance to increase it to 3.5% over the previous year's final
appropriations, subject to certain exceptions; and
WHEREAS, N.J.S.A. 40A: 4-45.15a provides that a municipality may, when authorized
by ordinance, appropriate the difference between the amount of its actual final appropriation and
the 2.0% percentage rate as an exception to its final appropriations in either of the next two
succeeding years; and
WHEREAS, the Borough Council of the Borough of Spring Lake Heights in the County
of Monmouth finds it advisable and necessary to increase its Calendar Year 2026 budget by up
to 3.5% over the previous year's final appropriations, in the interest of promoting the health,
safety and welfare of the citizens; and
WHEREAS, the Borough Council hereby determines that a 1.5% increase in the budget
for said year, amounting to $106,182.47 in excess of the increase in final appropriations
otherwise permitted by the Local Government Cap Law, is advisable and necessary; and
WHEREAS, the Borough Council hereby determines that any amount authorized
hereinabove that is not appropriated as part of the final budget shall be retained as an exception
to final appropriation in either of the next two succeeding years.
NOW THEREFORE BE IT ORDAINED, by the Borough of Spring Lake Heights in
the County of Monmouth, a majority of the full authorized membership of this governing body
affirmatively concurring, that, in the Calendar Year 2026 budget year, the final appropriations
of Borough of Spring Lake Heights shall, in accordance with this ordinance and N.J.S.A. 40A: 4-
45.14, be increased by 3.5%, amounting to $247,759.09 and that the Calendar Year 2026
municipal budget for the Borough of Spring Lake Heights be approved and adopted in
accordance with this ordinance; and
BE IT FURTHER ORDAINED, that any that any amount authorized hereinabove that
is not appropriated as part of the final budget shall be retained as an exception to final
appropriation in either of the next two succeeding years; and
BE IT FURTHER ORDAINED, that a certified copy of this ordinance as introduced be
filed with the Director of the Division of Local Government Services within five (5) days of
introduction; and
BE IT FURTHER ORDAINED, that a certified copy of this ordinance upon adoption,
with the recorded vote included thereon, be filed with said Director within five (5) days after
such adoption.
2/3/2026
Christopher M. Campion, Jr., Mayor
Date
Janine Gillis, Borough Clerk
February 3. 2026
Date