Edison’s Township Council in New Jersey approved nearly $56 million in three long-term bond ordinances to address infrastructure needs and fund upgrades across multiple departments. Following Edison’s September bonds, the city will invest the largest shares in water and sewer improvements.
The largest bond, $25 million, will support capital improvement projects including $9.6 million for roadway resurfacing, $2.1 million for public facility upgrades, and $1.65 million for archiving services. It also covers technology upgrades, park and drainage improvements, police firing range renovations, a new fire rescue vehicle, animal shelter renovations, and new furniture, vehicles, and office equipment.
A $17 million bond will fund water utility improvements, with $16.8 million dedicated to water main system upgrades and about $945,000 for vehicles and equipment.
Another $13.9 million bond will fund sewer utility projects, including $8.25 million for sewer line replacements, $4.8 million for pump station rehabilitation and repairs, and $858,375 for vehicles and equipment.
All three bonds won unanimous council approval and will be repaid over 30 years. Edison has a stable Aa2 rating from Moody’s, which allows favorable borrowing terms. Officials have not proposed tax increases tied to the bonds.
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