A proposed 20% property tax rate increase is still on the table in Jersey City — homeowners shouldn’t exhale just yet, even though the scheduled vote has been put on hold.
Mayor James Solomon announced the Q3 rate hike as a centerpiece of his plan to close a $255 million deficit inherited from the previous Fulop administration, according to the city’s official news releases. The FY2026 budget framework also includes a plan to pay $109 million in unpaid bills left over from that prior administration.
Then came the community concerns. Within days of the announcement, Solomon pulled back…