2972 26 - CAP Ordinance.pdf

2972-26 Ordinance Commentary – John Ditinyak – Chief Financial Officer On an annual basis, the Division of Local Government Services promulgates a Cost-of-Living Adjustment “COLA” between 0% and 3.5% on prior year appropriations inside of the Budget CAP. For 2026, the COLA is 2.0%. By passing this ordinance, the Township can increase the in-CAP appropriations to 3.5%. The Township needs the 3.50% along with previously banked unused appropriation calculation to meet the proposed increase to in-CAP appropriation.