Jersey City punts on 15% tax increase, but the big bills are still coming

Jersey City punts on 15% tax increase, but the big bills are still coming

Officials say there's no getting around the city's huge deficit, even with a bailout from the state government.

Jersey City Expects You to Pay for their Financial Incompetence - Americans for Tax Reform

Have you ever had a friend who was bad with money and kept asking you to spot them some cash? Now imagine that instead of a friend, it was the second-largest city in the state of New Jersey, and instead of a $10 or $20 bill, it was a $255 million bill? That is what New Jerseyans across the state are experiencing with the current Jersey City budget fiasco. The culprit of this structural budget deficit? Much of the structural budget deficit can be…

Jersey City Council unanimously votes down 15% rate hike on Q3 tax bills

The Jersey City Council unanimously voted down (0-9) a resolution proposing a 15 percent tax hike on the third quarter tax bills at a long, tense, and hot special meeting last night that had no other agenda items. By Daniel Ulloa/Hudson County View During a roughly-two hour public comment, Charlene Burke suggested reducing employee hours […] The post Jersey City Council unanimously votes down 15% rate hike on Q3 tax bills appeared first on Hudso…

Jersey City Council Votes Down Tax Hike, Seeks More Information

Concerns about protecting homeowners and questions about the state’s influence doomed the Solomon administration’s proposal to immediately raise property taxes on Wednesday night. Following tense discussions, the City Council rejected Mayor James Solomon’s recommendation and voted unanimously against his proposed 15% increase in the municipal property tax rate for the third quarter. A 15% tax […]