Last night the Hoboken City Council voted unanimously to adopt the 2010 transition year budget (http://www.nj.com/hobokennow/index.ssf/2010/10/hoboken_city_council_unanimous.html). This budget includes a 5% municipal tax cut. This is a good start to finally providing some relief for the crushing 84% municipal tax increase that occurred several years ago.
Our city is in the process of transitioning from a fiscal year budget to a calendar year budget. As a result the budget voted on last night covers July 2010 to December 2010. The 5% tax cut was the maximum amount permissible in a transition year budget.
Soon the City Council will begin discussing the 2011 budget. It is imperative that the City Council use a large portion of Hoboken’s $20 million budget surplus to provide substantial tax relief in the upcoming 2011 calendar year budget.
I look forward to seeing you soon as we continue make Hoboken an even better and more affordable place to live and raise a family. If you have any suggestions or concerns please feel free to contact me at (201)-916-8244 or Beth@MasonCityCouncil.org.
- Beth Mason
2nd Ward Hoboken City Councilwoman ◦
