Solomon Proposes 20% Municipal Tax Rate Increase for Jersey City

Solomon Proposes 20% Municipal Tax Rate Increase for Jersey City

Mayor James Solomon will ask the City Council to raise Jersey City’s municipal property tax rate 20% at the council’s June 24 meeting. In a press release Thursday, Solomon said the proposed tax hike represented a “difficult but necessary” step toward stabilizing the city’s finances after closing an “inherited” $255 million deficit by about $55 […]

Solomon: '20% Increase Will Be Painful' in Direct Address to Jersey City Residents

I want to speak directly to you, the residents of Jersey City about something that is going to affect your lives. This week, I will put forth before the city council a 20% property tax increase, which will impact working families across the city. And I know that it is painful to hear. You are already dealing with higher costs of living from tax increases from the Board of Education and the county to increased grocery prices, increased gas prices…

Solomon proposes 20% Q3 tax hike to continue addressing Jersey City budget deficit

Jersey City Mayor James Solomon is proposing a 20 percent tax increase in the third quarter of the year as part of ongoing efforts to address the city’s quarter billion dollar budget deficit. By John Heinis/Hudson County View “I know this tax increase is painful, especially for people on fixed-incomes and the working families of […] The post Solomon proposes 20% Q3 tax hike to continue addressing Jersey City budget deficit appeared first on Huds…