The meeting began with Assemblyman Stanley and Assemblyman Carab Benek announcing a successful effort to secure $200,000 for the borough to acquire a new fire engine for the volunteer firefighters. The assemblymen highlighted the challenges faced during the budget process and the importance of teamwork. Assemblyman Carab Benek emphasized, “this is what it’s about; it’s about networking and asking for stuff that we can do for you.” They also announced the return of MVC mobile units to Milltown on October 17 at the senior center, with details forthcoming on the borough’s website.

Another topic was the anticipated increase in electric costs for Milltown Borough, primarily due to changes in wholesale energy prices and capacity costs. The current structure attributes 65% of electricity costs to transmission and capacity, projected to rise to 74% starting June 1, 2025, resulting in a 33% increase in the borough’s wholesale electric bill. Concerns were voiced about the implications for vulnerable populations, particularly seniors. One participant noted, “How are seniors…,” reflecting disbelief at the forecasted rises. Capacity costs are expected to jump significantly, with predictions of further increases by 2026, highlighting the urgency for innovative solutions, such as behind-the-meter generation solutions like battery storage or solar energy, to manage peak loads and lower costs.

Discussions on the water and sewer rates revealed concerns about significant rate hikes. A resident, Joe Panza, raised issues regarding the 71% increase in water and sewer rates, calculating a personal cost rise of $18 per quarter and an overall borough increase of $295,000. The council explained that balancing the current budget of approximately $2.9 million necessitated these increases. Discussions also emphasized the need for an equitable rate system that considers financial burdens on residents, particularly seniors. The council suggested forming a committee to collaboratively address these rates, focusing on long-term financial stability rather than short-term measures.

The council then delved into the specifics of the proposed new water rate structure, which would allow residents to pay for actual water usage rather than a flat rate, potentially reducing costs from $316 per quarter for 7,500 gallons to $285 under the new system. The council discussed the necessity of establishing a fair and equitable rate system while considering the financial burdens on residents, particularly seniors.

Another topic was the financial highlights of the fiscal year 2023 audit presented by Rob Provost and Anthony Caprio from PK Conor Davies. The audit revealed a stable financial year for the borough, though the current fund balance decreased from $2.1 million to approximately $1.1 million due to a significant inter-fund advance of $1.8 million, expected to be returned in 2024. The auditors suggested potential transfers in the final months of the fiscal year to avoid over-expenditures in the water, sewer, and electric operating funds, amounting to approximately $112,000 collectively. They emphasized the need for incremental rate increases to ensure financial sustainability.

In addition to these financial discussions, the council also addressed community concerns and projects. Councilman Moo provided updates on library events, including after-school programs, yoga classes, and a Halloween costume exchange. Councilman Pansy spoke about a Department of Public Works shredding event and the successful paving project on Highland Drive. Councilman Potter shared information on police department security assessments and upcoming fire department events. Councilman Zambrana reported on the environmental commission and National Suicide Prevention Month events.

During the public input portion, various residents voiced concerns and alternative suggestions regarding water rates and parking regulations. Joe Panza proposed an alternative to the 71% increase. Another resident, John McMan, addressed parking prohibitions and the need for parking permits to avoid merely relocating parked cars to other areas.

The meeting concluded with the council moving forward with resolutions related to the audit findings and corrective action plans, emphasizing the need for sound financial practices.