River Edge Secures Competitive Rate for $9 Million Bond Sale

Overview: In a recent River Edge Borough Council meeting, the most discussion centered on the sale of a $9 million Bond Anticipation Note (BAN) which is set to finance several borough projects. The Chief Financial Officer detailed the bond sale as a short-term financing measure, crucial for the improvement of borough hall, drainage, and road infrastructure. The competitive interest rate of around 4%, plus or minus 30 basis points, reflects River Edge’s strong financial standing, underscored by its double A plus rating. Council members commended the conservative fiscal policies that have contributed to this high credit rating.

River Edge Council Tackles Summer Camp Staffing Concerns

Overview: During a recent River Edge Borough Council meeting, a issue regarding the rescinding of summer camp employment offers to senior students arose as a central point of discussion. The reversal of these offers sparked a debate over the implications for the students’ summer plans and the operation of the summer camp. Additionally, the council addressed the introduction of new ordinances concerning parking at the River Edge Road train station, a resident’s request for a parking permit, and the borough’s cybersecurity compliance. Proclamations were also issued, including one honoring the Riverdale hypnotic robotic team for their success in a state competition and another recognizing June as LGBTQ+ Pride Month.

River Edge Council Reviews Cannabis Dispensary Proposals

Overview: In a recent River Edge Borough Council meeting, presentations given by two competing cannabis businesses stood out as the central focus of the assembly, each vying to establish a dispensary in the town. The council also addressed various other topics, including the allowance of nonresident parking at the River Edge Road train station and the consideration of a special emergency appropriation for a mandated revaluation of borough properties.

River Edge Adopts Budget, Approves Environmental and Public Works Initiatives

Overview: The River Edge Borough Council, in a meeting on May 13, 2024, adopted the 2024 Municipal budget which includes a salary increase for non-contractual employees, addressed environmental concerns with a series of initiatives and ordinance proposals, and expressed its commitment to community events and local department achievements.

River Edge Council Faces Pushback on Shade Tree Commission Changes

Overview: At the recent River Edge Borough Council meeting, one notable issue appeared to involve the proposed changes to the Shade Tree Commission, which sparked significant public concern. Residents voiced apprehensions about the potential dissolution of the commission and the implications for the community’s urban forest and volunteer involvement. The council’s responses to these concerns, discussions on the municipal budget’s spending cap, and the insurance implications of new recreational developments were also notable topics of the meeting.