30-26 CY 2026 Debt Presentation Plan.pdf

Aggregate Debt & Capital Projections PROJECTED AGGREGATE DEBT SERVICE & CAPITAL INCLUDES EXISTING BONDS, LOANS & NOTES AND $5.5M ANNUAL CAPITAL PROGRAM FY New Bonds, Notes & Deferred Charges Outstanding Annual Pay-go Capital Ending Existing Debt Total Debt Aggregate Principal Pay-Go + Annual Debt Percentage 12/31 Service Principal Interest Service Debt Service Amount Capital Service Increase 2025 13,450,810 13,450,810 139,022,466 13,450,810 2026 8,169,835 3,517,226 2,018,554 5,535,780 13,705,615 149,540,083 13,705,615 1.9% 2027 7,736,739 3,589,000 2,649,660 6,238,660 13,975,399 145,300,174 13,975,399 2.0% 2028 7,668,173 3,455,500 3,122,973 6,578,473 14,246,646 123,910,799 14,246,646 1.9% 2029 5,457,648 2,960,000 3,694,200 6,654,200 12,111,848 119,815,525 2,375,000 14,486,848 1.7% 2030 5,413,373 3,060,000 3,698,125 6,758,125 12,171,498 115,339,251 2,550,000 14,721,498 1.6% 2031 4,605,778 3,718,000 3,703,563 7,421,563 12,027,341 110,460,977 2,950,000 14,977,341 1.7% 2032 4,569,078 3,939,000 3,678,168 7,617,168 12,186,246 105,160,702 3,050,000 15,236,246 1.7% 2033 3,906,417 4,159,000 3,648,515 7,807,515 11,713,932 99,436,351 3,775,000 15,488,932 1.7% 2034 3,896,292 4,370,000 3,585,105 7,955,105 11,851,397 93,261,000 3,900,000 15,751,397 1.7% 2035 3,803,254 4,583,000 3,469,080 8,052,080

00 3,585,105 7,955,105 11,851,397 93,261,000 3,900,000 15,751,397 1.7% 2035 3,803,254 4,583,000 3,469,080 8,052,080 11,855,334 86,598,000 4,150,000 16,005,334 1.6% 2036 3,738,032 4,781,000 3,332,583 8,113,583 11,851,614 79,437,000 4,400,000 16,251,614 1.5% 2037 2,879,335 5,450,000 3,176,313 8,626,313 11,505,648 71,760,000 5,000,000 16,505,648 1.6% 2038 310,520 5,230,000 3,109,125 8,339,125 8,649,645 66,315,000 5,500,000 14,149,645 -14.3% 2039 315,020 5,335,000 2,869,913 8,204,913 8,519,933 60,755,000 5,500,000 14,019,933 -0.9% 2040 319,270 5,455,000 2,627,550 8,082,550 8,401,820 55,065,000 5,500,000 13,901,820 -0.8% 2041 318,273 5,585,000 2,381,338 7,966,338 8,284,610 49,240,000 5,500,000 13,784,610 -0.8% 2042 321,775 5,720,000 2,130,850 7,850,850 8,172,625 43,270,000 5,500,000 13,672,625 -0.8% 2043 324,763 5,855,000 1,875,875 7,730,875 8,055,638 37,155,000 5,500,000 13,555,638 -0.9% 2044 327,475 5,905,000 1,616,350 7,521,350 7,848,825 30,980,000 5,500,000 13,348,825 -1.5% 2045 324,981 5,955,000 1,354,075 7,309,075 7,634,056 24,750,000 5,500,000 13,134,056 -1.6% 2046 326,925 6,005,000 1,089,050 7,094,050 7,420,975 18,460,000 5,500,000 12,920,975 -1.6% 2047 328,225 6,060,000 821,275 6,881,275 7,209,500 12,105,000 5,500,000 12,709,500 -1.6% 2048 334,150 6,120,000 550,475 6,670,475 7,004,625 5,675,000 5,500,000 12,504,625 -1.6% 2049 334,700

2048 334,150 6,120,000 550,475 6,670,475 7,004,625 5,675,000 5,500,000 12,504,625 -1.6% 2049 334,700 1,180,000 276,375 1,456,375 1,791,075 4,175,000 5,500,000 7,291,075 -41.7% 2050 334,950 1,245,000 211,475 1,456,475 1,791,425 2,600,000 5,500,000 7,291,425 0.0% 2051 1,300,000 143,000 1,443,000 1,443,000 1,300,000 5,500,000 6,943,000 -4.8% 2052 1,300,000 71,500 1,371,500 1,371,500 5,500,000 6,871,500 -1.0% Total: $79,515,791 $115,831,726 $60,905,062 $176,736,788 $256,252,579 $114,650,000 $370,902,579 Max Annual Debt Service: $14,246,646 Avg Annual Debt Service: $8,992,658 (1) Includes all Current Fund debt including: general improvement bonds, NJIB loans, debt service on BANs for 2025 and deferred charges (SENs) for 2025. Excludes special assessment bonds debt service. (2) Rates assumed to increase 0.25% for bonds and notes each year. Includes voluntary principal pay downs on notes that are subject to change. 11 (3) Annual pay-go capital funded as a combination of debt and cash as described herein.

Aggregate Debt & Capital Projections (cont.) (1) Includes all Current Fund debt including: general improvement bonds, NJIB loans, debt service on BANs for 2025 and deferred charges (SENs) for 2025. Excludes special assessment bonds debt service. (2) Rates assumed to increase 0.25% for bonds and notes each year. Includes voluntary principal pay downs on notes that are subject to change. 12 (3) Annual pay-go capital funded as a combination of debt and cash as described herein.

Debt & Capital Amortization Summary DEBT & CAPITAL AMORTIZATION SUMMARY Annual Debt Service Debt Service Starting Net New BAN New SEN Pay-Go Principal Ending Net Net Debt + Deferred Carrying Year Debt Authorization Authorization Capital Adjustments Amortization Debt Percentage Charges Charge 2025 170,571,638 6,700,000 800,000 - (15,468,335) (8,631,838) 153,971,466 1.96% 13,450,810 12.5% 2026 153,971,466 5,000,000 500,000 - - (9,931,383) 149,540,083 1.87% 13,705,615 12.5% 2027 149,540,083 5,000,000 500,000 - - (9,739,909) 145,300,174 1.78% 13,975,399 12.5% 2028 145,300,174 5,000,000 500,000 - (17,133,600) (9,755,774) 123,910,799 1.49% 14,246,646 12.5% 2029 123,910,799 2,625,000 500,000 2,375,000 - (7,220,274) 119,815,525 1.41% 12,111,848 10.4% 2030 119,815,525 2,450,000 500,000 2,550,000 - (7,426,274) 115,339,251 1.33% 12,171,498 10.2% 2031 115,339,251 2,050,000 500,000 2,950,000 - (7,428,274) 110,460,977 1.25% 12,027,341 9.9% 2032 110,460,977 1,950,000 500,000 3,050,000 - (7,750,274) 105,160,702 1.16% 12,186,246 9.8% 2033 105,160,702 1,225,000 500,000 3,775,000 - (7,449,351) 99,436,351 1.08% 11,713,932 9.3% 2034 99,436,351 1,100,000 500,000

500,000 3,775,000 - (7,449,351) 99,436,351 1.08% 11,713,932 9.3% 2034 99,436,351 1,100,000 500,000 3,900,000 - (7,775,351) 93,261,000 0.99% 11,851,397 9.2% 2035 93,261,000 850,000 500,000 4,150,000 - (8,013,000) 86,598,000 0.90% 11,855,334 9.0% 2036 86,598,000 600,000 500,000 4,400,000 - (8,261,000) 79,437,000 0.81% 11,851,614 8.8% 2037 79,437,000 - 500,000 5,000,000 - (8,177,000) 71,760,000 0.72% 11,505,648 8.4% 2038 71,760,000 - - 5,500,000 - (5,445,000) 66,315,000 0.65% 8,649,645 6.2% 2039 66,315,000 - - 5,500,000 - (5,560,000) 60,755,000 0.59% 8,519,933 6.0% 2040 60,755,000 - - 5,500,000 - (5,690,000) 55,065,000 0.52% 8,401,820 5.8% 2041 55,065,000 - - 5,500,000 - (5,825,000) 49,240,000 0.46% 8,284,610 5.6% 2042 49,240,000 - - 5,500,000 - (5,970,000) 43,270,000 0.39% 8,172,625 5.4% 2043 43,270,000 - - 5,500,000 - (6,115,000) 37,155,000 0.33% 8,055,638 5.2% 2044 37,155,000 - - 5,500,000 - (6,175,000) 30,980,000 0.27% 7,848,825 5.0% 2045 30,980,000 - - 5,500,000 - (6,230,000) 24,750,000 0.21% 7,634,056 4.8% 2046 24,750,000 - -

- 5,500,000 - (6,230,000) 24,750,000 0.21% 7,634,056 4.8% 2046 24,750,000 - - 5,500,000 - (6,290,000) 18,460,000 0.15% 7,420,975 4.5% 2047 18,460,000 - - 5,500,000 - (6,355,000) 12,105,000 0.10% 7,209,500 4.3% 2048 12,105,000 - - 5,500,000 - (6,430,000) 5,675,000 0.05% 7,004,625 4.1% 2049 5,675,000 - - 5,500,000 - (1,500,000) 4,175,000 0.03% 1,791,075 1.0% 2050 4,175,000 - - 5,500,000 - (1,575,000) 2,600,000 0.02% 1,791,425 1.0% 2051 2,600,000 - - 5,500,000 - (1,300,000) 1,300,000 0.01% 1,443,000 0.8% 2052 1,300,000 - - 5,500,000 - (1,300,000) 0 0.00% 1,371,500 0.7% (1) Adjustments include: (i) the removal of $15.5 million of authorized but not issued debt in 2025 to better reflect the Township’s actual debt profile; and (ii) assume ordinance 2651-21 is reduced by $10.8 million from sale proceeds in 2028 (55 Lakeside) and ordinance 2564-19 is reduced by $6.3 million from green acres grant funds in 2028 (Rock Spring). 13

Financial Debt Metrics • Net debt is limited to 3.5% of the equalized valuation basis per State statute. • As of 2024, net debt was $171 million or 2.2%. • Net debt has increased by 56% over the last five (5) years. • Debt service is typically +/- 10% of the municipal budget for NJ municipalities. • In 2025, the Township’s debt service (including deferred charges/SENs) was 12.5% of budget. • Annual debt service has increased from $8 million in 2020 to $13.5 million in 2025. 14