Brookline Select Board Approves Bond Issuance

Overview: In a financial move, the Brookline Select Board approved the issuance of bonds totaling $24.5 million to fund various town projects, including the renovation of the Pierce School and fire station upgrades. This decision came after the reaffirmation of the town’s AAA credit rating by Moody’s and a review of the town’s fiscal policies to align with the rating agency’s new metrics.

Westport Mulls Over Municipal Fiber Network and Infrastructure Financing

Overview: In a recent meeting of the Westport Finance Committee, the most significant topic of discussion centered on a proposed Warren article for the formation of a Municipal Light Board to oversee a new fiber broadband network. This proposal was debated alongside other issues including the funding and implementation of water and sewer infrastructure projects, and the potential impact of these projects on the town’s general fund and taxpayers.

Ocean Town Council Tackles Rising Budget and Police Salaries

Overview: The Ocean Town Council recently convened to discuss critical budgetary adjustments, with the most significant issue being the nearly $2 million increase in appropriations. This rise was primarily attributed to a $1.5 million surge in salaries as a result of police contract negotiations and standard step increases. This financial discussion took center stage as council members examined the impact of escalating expenses on the municipal tax rate and the town’s ability to fund various projects.

Kenilworth School Board Faces Budget Cuts

Overview: The Kenilworth School Board confronted formidable financial challenges due to a substantial reduction in state aid during the recent meeting. The board discussed the annual school budget for the fiscal year 2024-25 with a focus on the impact of a 22% decrease in Equalization Aid. This decrease necessitates cuts across various areas, including professional development, supplies, staffing, and insurance, while considering the statutory budget approval deadline of March 20th, 2024.

Tenafly Council Debates Budget and Capital Allocations Amid Fiscal Challenges

Overview: In a recent Tenafly Borough Council meeting, discussions were dominated by fiscal management and resource allocation topics, with attention given to budget adjustments, the use of surplus, and the allocation of funds for various departmental needs including capital projects and equipment.