City to introduce 2011 budget at Wednesday council meeting
Mar 02, 2011 | 2300 views | 2 2 comments | 16 16 recommendations | email to a friend | print

HOBOKEN -- Hoboken's 2011 budget, which is to be presented at the March 2 City Council meeting, shows a 10 percent municipal tax cut compared to the Fiscal Year 2010 budget, city officials said. Thus, taxes should go down this year in Hoboken.

The budget also indicates that the city will keep an approximate $5 million cash surplus - which Mayor Dawn Zimmer said is "the low end of the 5 to 10 percent cash surplus range considered to be responsible by the bond rating agencies" in a letter to the council members.

Budget workshops will take place on March 9 and March 23, and a public hearing will be held at least 28 days after the budget is introduced.

The council will also address the Hoboken Police Benevolent Association and Hoboken Superior Officers Association's collective bargaining contracts, as well as hold a public hearing on proposed rent control changes before a possible final vote on the issue.

For a story on the rent control changes, click HERE.

The meeting is scheduled for March 2 at 7 p.m. at City Hall. To watch the meeting online, click HERE. - Ray Smith

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ss1959
|
March 02, 2011
It appears Beth is already lying about the budget surplus. There was a poll citing a "$27 million" figure. Last budget she used the $20 million lie 4 times in writing and multiple times verbally. She was quoting the "Fund Balance". That is now $25 million. It seems she can't even get her lies straight. For the record, the amount of taxes raised on 6/30/10 was $61.5 million. Today, with the introduced budget it stands at $54.07 million. This would be a tax cut of 12.1%. The surplus on 12/31/10 was $14.7 million.
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WESTY
|
March 02, 2011


At long last a realistic and fully funded Hoboken Budget.

More positive change.

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