A Closer Look at the 2026 New Providence Budget Introduction

New Providence introduced its ’26 municipal budget on 03/24 and, as is the case with most municipalities we looked at, residents are being asked to evaluate a multi-million dollar budget on scant information.

Budget totals ~$28.1M with ~$18.7M within the CAP, ~7.3M excluded and ~$2.1M reserved for uncollected taxes.

Outside of property taxes, anticipated revenue comes to ~10M. Total general appropriations come to ~$28M. That breaks down into about $18.74M within CAPS, about $7.28M excluded from CAPS, and $2.12M reserved for uncollected taxes.

The amount to be raised for municipal purposes, including uncollected tax reserves, is about $16.7M. The min. library tax comes to ~1.4M.

While the ACFR is the most accurate baseline, the 2025 adopted is better when looking to compare structure. The ’25 adopted budget total came in at ~$26.6M with ~$18M within CAPS, ~$6.4M excluded from CAPS and ~$2.2M reserved for uncollected taxes. $4.2M in anticipated surplus, a municipal tax ask of ~ $16.1M and a ~$1.26M minimum library tax fed the appetite.

When we take a step back further to the ’24 ACFR, it’s a similar story to what we’ve been seeing everywhere else. Police salaries alone were ~$3.8M, Public Works salaries ~$1.15M, Employee group health insurance ~ $1.1M with another ~$318k reserved. PFRS was another ~$1.1M. Solid waste and recycling collections cost ~$1M and sewer joint meeting expenses added another ~900k.

The public hearing is set for April 28 at 7:30pm.

Source

Read More : The 21st District Face-Off: How Seven Towns Stack Up on Per-Household Spending