Jersey City is asking the state for $150 million in state aid as it looks for a way to emerge from a $255 million budget deficit, officials said.
If approved by the state Department of Community Affairs, it would be the largest transitional aid grant since Camden received $69 million in 2010 during the first year of former Gov. Chris Christie’s administration.
The transitional aid program gives state assistance to municipalities facing severe fiscal distress. It is intended as short-term aid to help local governments meet their payroll, pay their debts and stay afloat while they solve their financial problems…