Jersey City Considers 20% Property Tax Hike Amid Budget Deficit
City leaders will seek deeper cuts and state aid as they weigh a temporary tax increase to close a $255 million budget deficit.
6 Articles
6 Articles
Jersey City Mayor Solomon delays vote on 20% tax hike, but warns of looming fiscal pain
Jersey City Mayor James Solomon discussing the budget at a meeting earlier this week. City leaders are weighing tax hikes and local service cuts amid a $255 million budget deficit. [ more › ]
Jersey City considers 20% property tax hike amid budget deficit
JERSEY CITY, N.J. (PIX11) -- Officials are weighing what could be one of the largest property tax increases the city has seen in years. The proposal from Mayor James Solomon suggests a 20% increase to address a budget deficit of $255 million. The proposed hike is quickly becoming the focus for residents trying to understand [...]
NEW JERSEY — These are words that no taxpayer wants to hear: tax hikes. But that’s precisely what residents of New Jersey’s second largest city could get, while the mayor tries to cover a huge budget deficit. Jersey City Mayor James Solomon proposes a 20% increase in property tax, as the city faces what he calls the worst fiscal crisis in its history, citing a $255 million budget deficit that he claims left the previous administration. Solomon a…
Solomon Makes Rare Caucus Appearance to Defend 20% Tax Hike, Resists Cuts to Services
A 20% municipal property tax increase strikes the right balance between raising revenue and fiscal discipline as the administration seeks to fill a massive budget shortfall, said Mayor James Solomon in a rare appearance Monday night before the City Council. Solomon defended his controversial budget plan by explaining that the 20% tax increase would generate […]
Solomon presents finances at Jersey City Council caucus to explain Q3 bill proposal
Jersey City Mayor James Solomon attended the City Council caucus meeting yesterday to present finances to explain why he’s proposing a 20 percent rate hike for Quarter 3 tax bills. By Daniel Ulloa/Hudson County View Solomon, a former two-term Ward E councilman, began by saying it was a pleasure to be back in council chambers […] The post Solomon presents finances at Jersey City Council caucus to explain Q3 bill proposal appeared first on Hudson …
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