Borough assembly adjusts FY 2021 budget

The Borough Assembly approved an ordinance in its first reading on Monday that would make adjustments to the borough's fiscal year 2021 budget for known changes.

If ordinance #2021-05 passes in three readings, it would transfer funds to the Property Development Fund and allocate money for a new E991 system, the Motor Pool Shop, and a wastewater project on Ira II St.

Earlier this year, Finance Director Jody Tow identified a surplus in the borough's General Fund and suggested the assembly transfer some of that surplus to the Property Development Fund. The ordinance would transfer $669,379 to the...

 

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