MADISON, NJ - The Borough of Madison took steps at this week's council meeting to support those who have been economically hit by the pandemic. The credit rebate that was approved is for any resident who has been furloughed, laid off or terminated during the COVID-19 pandemic as well as eligible small businesses in Madison.
"When the time comes to reopen the economy, not all will return", Mayor Conley of Madison's downtown merchants . "It was with this in mind that the Borough Council approved two new targeted rebate programs; one for residents and the other for small businesses in our commercial districts".
Residents can apply for a rebate credit of up to $200 on their electric bill. Eligible small businesses will also be able to apply for rebates of up to $400
The deadline to apply is June 30, 2020 with credits in July and August. The Borough of Madison has earmarked $300,000 for these two programs, and rebates will be based on the availability of funds.
"We are faced with a long path to economic recovery, with so many uncertainties", said Conley. "I anticipate additional action will need to be taken in the coming months and years as we face a reduced tax base and the potential loss of state aid. Thankfully we have managed Madison for the rainy days. These first steps will directly help those who are facing financial difficulties now. This is not the finish line but the start of a marathon".
Applications are now available via this link: https://www.rosenet.org/DocumentCenter/View/8373/COVID-19-Small-Business-Electric-Utility-Rebate-Program?bidId=
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