At the April 4 meeting of the Tuckerton Borough Council, Councilman Brian Martin presented the first reading of Ordinance No. 5, to exceed the municipal budget appropriation limits and to establish a cap bank.
This ordinance authorizes the borough to raise the yearly cap from 2.5% to 3.5%. “By raising it 1% … basically means that we can collect another $41,521 in excess of the 2.5% budget gap that we normally have,” Martin explained.
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