Jersey City Mayor James Solomon said at a Ward B Town Hall that “we will still have to increase property taxes somewhat in the first year” even if the New Jersey Department of Community Affairs approved a significant transitional aid application.
Deputy Mayor for Housing and Economic Development Keshav Poddar began the event at the Miller Branch Library by reiterating that the city has an over quarter billion dollar deficit, which is about 28 percent of the overall budget.
He said that it’s larger than the budgets of the police and fire departments combined.
“It’s unprecedented!” Poddar exclaimed, continuing that one-shot revenues and COVID-19 funds were use recklessly…