Hudson Reporter
Taxes remain stable in Hoboken’s preliminary budget
American Rescue Plan funding will make up for pandemic deficit ×
Hoboken will host a public hearing on the budget on May 5.
Hoboken taxpayers may breathe a sigh of relief after the administration presented a preliminary municipal budget that would keep taxes stable.
The $118.3 million budget, introduced to the council on April 7, makes up for roughly $6.4 million in lost revenues caused in part by the COVID-19 pandemic with $7 million of federal funds from the American Rescue Plan.
Last year Hoboken faced a multi-million-dollar budget gap caused by an increase in pension payments, health care, union contract payments, garbage hauling contracts, loss in revenues from court fees and the Hoboken Parking Utility, and lack of surplus regeneration.
Hudson County View
Photo via Hobokennj.gov.
By John Heinis/Hudson County View
“Despite the unprecedented challenges of COVID-19, we’ve been able to right size our finances and establish a budget with no increase in municipal taxes. This budget is a critical step in our continued recovery from the pandemic, that provides much needed relief to residents, many of whom have been struggling over the past year,” Bhalla said in a statement.
“At the same time, we’re also ensuring that we continue to fund critical projects including the City’s water main replacements, repaving roads and advancing Vision Zero improvements, upgrading City parks, acquiring additional open space, and much more.”
Congressman Sires Supports President Biden’s Day One Policy Actions on Immigration January 22, 2021, 10:27 am | in
Congressman Sires Supports President Biden’s Day One Policy Actions on Immigration
(Washington, D.C.) – Yesterday, Congressman Albio Sires (D-NJ) released the following statement applauding President Biden’s plan to reform our immigration system, including the series of executive actions taken on his first day in office:
“President Biden’s swift actions to correct the failed immigration policies of the previous administration are a needed and welcomed step toward reforming our broken immigration system,” said Congressman Sires.
“On his first day in office, President Biden demonstrated his commitment to pursuing a humane, safe, and orderly immigration policy. I applaud President Biden for these immediate actions, including ending the Muslim ban, halting construction of Trump’s bord
Congressman Albio Sires endorses Team Fulop hudsonreporter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hudsonreporter.com Daily Mail and Mail on Sunday newspapers.