Here is another email from Beth Mason continuing the misinformation about the $20 million dollar surplus. The available amount as has been said over and over and confirmed by the City's financial experts is just shy of $12 million yet Beth Mason insists on repeating the $20 million to make it sound bigger. I am happy for her vote but don't understand her obsession with misleading the public. It is disingenuous.
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
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