Jersey City Mayor James Solomon has unveiled his 2026 budget proposal — a roughly $886.5 million plan that pairs a 15.5% increase to the city’s property tax rate with $58 million in spending cuts.
The plan, released after 11 p.m. Friday, seeks to close a $255 million deficit Solomon blames on former Mayor Steve Fulop.
The budget comes just over a week after the city council rejected a 15% property tax hike. Councilmembers said at the time that they wanted to see a full, line-item budget before they vote to raise taxes…