Anyone else following the Hoboken Budget/Tax Drama?
The Hoboken City Council met for a very rare Sunday night emergency session to see if Mayor David Roberts would bring the actual budget numbers that were supposed to be presented at a special meeting last week. They still didn’t think the numbers were reliable, and Roberts didn’t even come to the meeting to attempt to back them up. Now there is less than a month to go in the fiscal year and a deficit of at least 11.7 million dollars looming. Seven years of Roberts’ budget tricks to delay the inevitable are about to explode in the form of a major tax increase
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People are estimating 4th quarter increase in property taxes of 30-50%! Crazy! Since the Deficit exceeds state limits, they either have to make provisions to pay it down ASAP, or the state will take over the city.
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