Borough scales back building repairs to reduce bond issue cost
August 17, 2022
The borough assembly has set a public hearing for its Aug. 23 meeting to consider two ordinances that would seek voter approval to borrow $3.5 million for repairs to school buildings and $8.5 million for rebuild and repairs to the Public Safety Building.
The numbers are down from $4.5 million and $10.5 million in an earlier work plan considered by the assembly, as the borough dropped some items from the repair lists to hold down costs.
Voter approval is required for the borough to issue general obligation bonds to raise money for the work. The debt would be repaid with property taxes and ot...