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.
New Providence Budget Growth
Total general appropriations across the 2024 audited baseline, the 2025 adopted budget and the 2026 introduced budget.
2026 is the largest of the three, about $1.57M above the 2025 adopted budget.
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.
Where the Budget Is Changing
2025 adopted vs. 2026 introduced
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.
Where the Money Went in 2024
The public hearing is set for April 28 at 7:30pm.
Read More : The 21st District Face-Off: How Seven Towns Stack Up on Per-Household Spending
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