NOTICE OF FINAL PASSAGE BOROUGH OF MAGNOLIA COUNTY OF CAMDEN ORDINANCE NO. 5-2026 CALENDAR YEAR 2026 ORDINANCE TO EXCEED THE MUNICIPAL BUDGET APPROPRIATION LIMITS AND TO ESTABLISH A CAP BANK (N.J.S.A. 40A: 4-45.14) Notice is hereby given that Ordinance 5-2025 Where the Local Government CAP Law provides that a municipality shall limit any increase in said budget to 2% unless authorized by ordinance to increase it to 3.5% over the previous year’s final appropriations, subject to certain exceptions, was introduced and passed on first reading at a Meeting of the Borough Council of the Borough of Magnolia, County of Camden, State of New Jersey, held on April 1, 2026. and adopted the following public hearing as prescribed by law at a meeting held on May 6, 2026, at 7:00PM. Syliesha Scott Acting Municipal Clerk Prt fee:$23.30 May 14 -1a
