INTRODUCTION OF ORDINANCE NO. 721ORDINANCE TO EXCEED THE MUNICIPAL BUDGET APPROPRIATION LIMITS AND TO ESTABLISH A CAP BANK (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 1.0% 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 3.5% percentage rate as an exception to its final appropriations in either of the next two succeeding years; and,
WHEREAS, the Mayor and Council of the Borough of Mantoloking in the County of Ocean, finds it advisable and necessary to increase its CY 2021 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 Mayor and Council of the Borough of Mantoloking hereby determines that a 3.5% increase in the budget for said year, amounting to $161,615.27 in excess of the increase in final appropriations otherwise permitted by the Local Government Cap Law, is advisable and necessary; and,
WHEREAS, the Mayor and Council of the Borough of Mantoloking 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 Mayor and Council of the Borough of Mantoloking, in the County of County, a majority of the full authorized membership of this governing body affirmatively concurring, that, in the CY
2021 budget year, the final appropriations of the Borough of Mantoloking shall, in accordance with this ordinance and N.J.S.A. 40A: 4-45.14, be increased by 3.5 %, amounting to $161,615.27, and that the CY 2021 municipal budget for the Borough of Mantoloking 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 5 days of introduction; and,
BE IT FURTHER ORDAINED, that a certified copy of this ordinance upon adoption, with the recorded vote included hereon, be filed with said Director within 5 days after such adoption.
INTRODUCTION TO ORDINANCE NO. 722AN ORDINANCE AUTHORIZING A SPECIAL EMERGENCYAPPROPRIATION IN THE AMOUNT OF $60,000.00 FOR THE RECODIFICATIONOF EXISTING ORDINANCES FOR THE BOROUGH OF MANTOLOKING,COUNTY OF OCEAN, STATE OF NEW JERSEYN.J.S.A. 40A:4-53
BE IT ORDAINED by the Borough of Mantoloking Mayor and Council of the Borough of Mantoloking, County of Ocean, State of New Jersey, as follows:
Section 1. Pursuant to the Local Budget Law of New Jersey, and in particular N.J.S.A. 40A:53, a special emergency appropriation in the amount of $60,000.00 is hereby authorized and made for the purpose of recodification of existing ordinances, for the Borough of Mantoloking, County of Ocean, State of New Jersey;
Section 2. The Borough is hereby authorized to finance such appropriation from surplus funds available or by issuing special emergency notes from time to time in accordance with the provisions of N.J.S.A. 40A:4-55, all as shall be determined by and pursuant to a resolution or resolutions of the Borough to be hereafter adopted. The authorization to finance the appropriation shall be provided for in succeeding annual budgets by the inclusion of at least 1/5 of the amount authorized pursuant to N.J.S.A 40A:4-55.
Section 3. In accordance with the requirements of N.J.S.A. 40A:4-53, a copy of this ordinance as finally adopted shall be filed with the Director of the Division of Local Government Services in the Department of Community Affairs of the State of New Jersey.
Section 4. This ordinance shall take effect after publication after final adoption, as provided by law.
RESOLUTION NO. 2021- 70 RESOLUTION INTRODUCTION TO 2021 MUNICIPAL BUDGET
Notice is hereby given that the budget and tax resolution was approved by the governing body of the Borough of Mantoloking, County of Ocean on April 20, 2021.A hearing on the budget and tax resolution will be held at the Mantoloking Municipal Building located at 202 Downer Avenue, Mantoloking, New Jersey on May 18, 2021 at 5:30 PM atwhich time and place objections to the budget and tax resolution for the year 2021 may bepresented by taxpayers or other interested persons. Due to the public health emergencyfrom the COVID-19 virus, this meeting may be conducted by telephonic means.Information to access and participate in the meeting is posted on the Borough'swebsite www.mantoloking.org.Copies of the budget are available in the office of the Municipal Clerk, located at the MantolokingMunicipal Building, 202 Downer Avenue, Mantoloking, New Jersey 08738, 732-475-6983, duringthe hours of 8:30 AM to 4:30 PM.