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Resolution of the Mayor and Council of Princeton Approving the Affordable Housing Utility Operating Temporary Budget for 2026
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WHEREAS, N.J.S.A. 40A:4-19 provides that where any contract, commitment or payments are to be made prior to the final adoption of the 2026 budget, temporary appropriations should be made for the purpose and amounts required in the manner and time therein provided: and
WHEREAS, the date as this resolution is within the first thirty days of January 2026 and;
WHEREAS, the total appropriations in the 2026 budget, exclusive of any appropriations made for interest and debt redemption charges, is the sum of $202,000
WHEREAS, thirty-five percent of the total appropriations in the 2025 budget, exclusive of any appropriations made for interest and debt redemption charges in said 2025 budget is the sum of $204,753
NOW, THEREFORE, BE IT RESOLVED that the following appropriations be made
Affordable Housing Utility - Salaries & Wages $ 41,000
Affordable Housing Utility - Other Expenses $161,000
and that a certified copy of this resolution be transmitted to the Chief Financial Officer and Division of Local Government Services for their records.