Budget, taxes and the spending cap
Where it standsThe council adopted the 2026 municipal budget of $15,566,361.89 on June 15, 2026, after a May ordinance to exceed the budget appropriation limits and set up a CAP bank.
What's on the tableThe next council will take up the 2027 budget and decide whether to exceed the state appropriation limits again.
- The council adopted the 2026 budget by a 6-0 roll call on June 15, 2026. Borough of Wanaque · Jun 15, 2026
- The borough's CFO said the budget raises taxes on an average house valued at $229,473.00 by under $78.00 for the year. Borough of Wanaque · Jun 15, 2026
- The borough administrator said health insurance for employees and retirees rose $2,302,500. Borough of Wanaque · Jun 15, 2026
- The May 11, 2026 ordinance to exceed the appropriation limits and establish a CAP bank passed 6-0. Borough of Wanaque · May 11, 2026