Today’s paper had an article about outraged residents in West New York who are facing a recent 27% tax increase. The article goes on to talk about Hoboken, saying:
“…residents in Hoboken are feeling the sting of a 47 percent property tax hike, enacted because the state sent in a supervisor to manage the city’s finances after the city council failed to pass a budget.
“When the budget is adopted for 2009 and 2010 you’re going to see a substantial leveling off of our tax levy,” said David Roberts, the departing mayor.”
Enacted because of Tripodi? I thought it was enacted because of Hoboken’s huge budget deficit. Leveling off? What does that mean? At the 47% higher level? I wish the Times would do an in depth article of Hoboken’ budget and tax situation.