2026 Municipal Budget Introduction Presentation

BID #: N/A

ISSUED: 3/24/2026

DUE: 4/30/2026

VALUE: $17,050,999

100

Rating

Risk Rank

Green Risk

AI-Powered Lead Insights

Executive Summary

The Borough of Waldwick presented the 2026 Municipal Budget, which proposes a total budget of $17,050,999. This represents an increase of $392,568 from the 2025 budget. Key drivers for appropriation increases include Police S/W at $336,000 and Employee Group Health at $226,000.

Web Content

Automated discovery link found on Waldwick website.

Document Text

--- Document: 2026 Municipal Budget Introduction Presentation Document ---
Presented at Budget Introduction
March 24, 2026
Borough of Waldwick
2026 Municipal Budget


Budget Process/Timeline
October 2025:  Preliminary Budget Meetings
November/December 2025:  Department Budget Meetings Held
January/February 2026:  Preparation of Draft Budget
February/March 2026:  Council Finance Committee Budget Review
March 2026:  Budget Introduction
April 2026:  Public Hearing & Adoption


2026 Proposed Budget
Proposed Budget for 2026:
$17,050,999


Municipal Budget Comparison
Year
Operating Budget
Increase/Decrease 
from Previous Year
Percent 
Increase/Decrease
2025
$16,658,431
2026
$17,050,999
$392,568
2.36%
$16,000,000.00
$16,500,000.00
$17,000,000.00
$17,500,000.00
2025
2026


2026 Budget Funds & Sources
Operating 
Budget
$17,050,999
State Aid
$2,498,037
14.7%
Revenue
Fees 
Collected
$1,936,218
11.4%
Fund 
Balance
$2,250,000
13.2%
Taxes
$10,366,744
60.7%


History of Fund Balance
$7,583,211 
$7,626,853 
$7,150,645 
$6,583,835 
$5,464,500 
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
$5,000,000
$5,500,000
$6,000,000
$6,500,000
$7,000,000
$7,500,000
$8,000,000
$8,500,000
2021
2022
2023
2024
2025


History of Fund Balance Used
$1,967,959 
$2,127,809 
$2,195,071 
$2,526,594 
$2,250,000 
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
2021
2022
2023
2024
2025


2026 Major Appropriation Increases
Function
Budget Increase
Police S/W*
$336,000
Employee Group Health
$226,000
Snow Removal
$50,000
DPW S/W
$39,000
Legal
$38,000
Utilities
$35,000
Recycling
$30,000
Social Security
$27,000
Solid Waste Collection
$18,000
General Liability Insurance
$18,000
TOTAL
$817,000
* Currently in contract negotiations with PBA.


Bergen 
County
10.8%
Municipal 
Waldwick
19.9%
Waldwick School District
69.3%
2025 Average Tax Breakdown
2025 Average Residential Assessment
$565,000
Description
Amount
Percent
Bergen County
$1,401
10.8%
Waldwick School District
$8,984
69.3%
Municipal, including Library
$2,582
19.9%
TOTAL
$12,967
100%
Bergen 
County
11%
Waldwick 
School 
District
69%
Municipal
20%


2026 Budget Summary
• 2026 Budget Introduced
$17,050,999
• Increase from 2025 Budget
$392,568
• Average Assessed Value of Home
$567,000
• Increase to Average Assessed Home
$232.47 for the year
$19.37 a month


Water Department Budget
2026 Operating Budget Introduced:
$2,681,325
2026 Operating Budget Increase from 2025:
$186,039