WALL TOWNSHIP — The township committee approved the 2023-24 municipal budget, endorsed the Amended Housing Element and Fair Share Plan [HEFSP] and introduced an ordinance regulating the use of electronic bikes at their meeting last Wednesday night.
The committee approved the 2023-24 municipal budget totaling $46,884,102, which was first introduced at the committee meeting on March 22.
Next year’s budget marks a 0.012 percent increase from the previous year. A complete copy of the budget can be found on the township website.
Township Administrator Jeff Bertrand announced that the municipality will participate in “self-examination of the budget” for the upcoming year, as the township has to conduct its own budgetary review every three years in place of the state.
The committee also held a second reading of Ordinance 2-2023, an ordinance which would permit the township committee to exceed the municipal budget appropriations limit and establish a cap bank.
“This does not mean we are going to use the cap bank,” said Mr. Bertrand. “We are just adding to it to [have] a rainy day fund.”
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