Latest updates for Jersey City Budget Deficit

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Recent items include:

  • Jersey City Council OKs $886.5M budget intro with 15.5% tax hike, $105M loan MOU
  • Financial audit of Jersey City’s 2025 finances identifies $94M in deferred charges
  • Jersey City Passes Budget With 15 Percent Tax Hike

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hudsoncountyview.com /1 month ago

Jersey City Council OKs $886.5M budget intro with 15.5% tax hike, $105M loan MOU

The Jersey City Council unanimously approved (9-0) introducing a $886,546,594.16 municipal budget with a 15.5 percent tax increase and a memorandum of understanding with the state...

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hudsoncountyview.com /3 weeks ago

Financial audit of Jersey City’s 2025 finances identifies $94M in deferred charges

The financial audit of the City of Jersey City’s finances prepared by Donohue, Gironda, Doria & Tomkins, LLC identifies $94,124,946 in deferred charges, as well as the absence...

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patch.com /1 week ago

Jersey City Passes Budget With 15 Percent Tax Hike

Even with state aid, Jersey City residents will have to make up for a large budget gap by the end of the year.

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hudsoncountyview.com /1 week ago

Jersey City Council votes 8-0(1) to pass $886.4M budget with 15.15% tax increase

The Jersey City Council voted 8-0(1) to pass their $886,416,892.79 municipal budget with a 15.15 percent property tax increase at a sometimes contentious special meeting last night...

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hudsoncountyview.com /1 month ago

Jersey City mayor touts $886.5M budget ahead of intro: ‘We did protect core services’

Jersey City Mayor James Solomon touted the city’s proposed $886,546,594.16 municipal budget with a 15.5% tax increase in a phone interview yesterday ahead of Wednesday’s introducti...

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hudsoncountyview.com /1 month ago

Solomon unveils $886.5M Jersey City municipal budget with 15.5% tax increase

Jersey City Mayor James Solomon has unveiled a $886,546,594.16 municipal budget with a 15.5 percent tax increase set for first reading at Wednesday’s City Council meeting. By John...

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gothamist.com /1 week ago

Jersey City property taxes will increase 15% amid financial crisis

An aerial view of houses in Jersey City on July 13, 2024. The City Council approved a $886 million budget at a special meeting on Wednesday. [ more › ]

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hudsoncountyview.com /1 week ago

Op-Ed: A former mayor’s take on Jersey City’s budget crisis

In an editorial, former Jersey City Mayor Jerramiah Healy gives his take on the city’s current “budgetary disaster,” contrasting now to what was happening locally back in 2009. I w...

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hudsoncountyview.com /1 month ago

State official says Jersey City’s 15% tax hike is non-negotiable for this budget

A state official has put in writing that the introduced 15.5 percent tax hike that accompanies Jersey City’s preliminary $886,546,594.16 municipal budget is non-negotiable. By John...

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jcitytimes.com /1 week ago

Jersey City Council Adopts Budget With 15.15% Municipal Tax Hike

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hudsoncountyview.com /1 month ago

LETTER: The introduced Jersey City budget is irresponsible for homeowners

In a letter to the editor, Jersey City resident Yvonne Balcer explains why she feels the city’s introduced $886.5 budget with a 15.5 tax increase is irresponsible for homeowners. D...

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hudsoncountyview.com /3 weeks ago

Jersey City Council dismayed that DCA will only review one budget amendment

Several Jersey City Council members expressed dismay that the New Jersey Department of Community Affairs will only review one budget amendment at the tail end of yesterday’s over f...

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hudsoncountyview.com /2 weeks ago

Jersey City Council intros budget amendments with 15.15% tax hike in 9-0 vote

The Jersey City Council approved a resolution for budget amendments that come with a slightly reduced 15.15 percent tax hike in a unanimous vote (9-0) at last night’s meeting that...

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hudsoncountyview.com /1 week ago

Solomon weighs in on approved $886.4M Jersey City budget with 15.15% rate hike

Jersey City Mayor James Solomon weighed in on the long, rocky road that led to the $886,416,892.7 municipal budget with a 15.15 percent rate hike being approved last night in a vir...

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hudsoncountyview.com /1 month ago

Jersey City Council reviews $4M budget for ‘profoundly understaffed’ law dept.

The Jersey City Council held a budget hearing for the $4,059,803 allocated to the Law Department in the preliminary $886.5 million spending plan that comes with a 15.5 percent tax...

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jcitytimes.com /1 month ago

Mayor’s Office, Department of Cultural Affairs Vow to ‘Do More With Less’ at Budget Hearing

On Thursday morning, officials from the Mayor’s Office and the Department of Cultural Affairs appeared before the Jersey City Council to review their proposed budgets for 2026. The...

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gothamist.com /1 month ago

Jersey City mayor’s proposed budget combines contentious 15.5% tax hike with $58M in cuts

Jersey City Mayor James Solomon released his proposed budget this week. Mayor James Solomon released his official spending plan after weeks of fractious debate over taxes. [ mo...

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hudsoncountyview.com /1 week ago

Op-Ed: Jersey City passed ‘painful budget’ that ‘hurts,’ but it could’ve been worse

In an editorial, Jersey City resident Kevin Bing gives his take on the city approving a $886.4 million “painful budget” with a 15.15 percent tax hike, acknowledging that it “hurts,...

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jcitytimes.com /6 days ago

Jersey City Obtains More Favorable Terms on $105M State Loan to Close Deficit

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hudsoncountyview.com /1 month ago

Zuppa and Lavarro host Jersey City budget town hall: ‘Sacrifice starts at the top’

Jersey City Ward C Councilman Tom Zuppa and Councilman at-Large Rolando Lavarro hosted a budget meeting at Our Lady of Mt. Caramel last night, seeking to offer solutions to residen...

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jcitytimes.com /3 weeks ago

Audit of 2025 City Finances Shows 17 Findings, $94M in Deferred Charges

On Friday, Jersey City announced the release of its 2025 independent audit, which included several repeat findings and affirmed much of what Mayor James Solomon has blamed for the...

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hudsoncountyview.com /1 month ago

Jersey City Council reviews $9.21M HEDC budget: ‘Our revenue is like a 4-to-1 return’

The Jersey City Council reviewed the roughly $9.21 million Housing, Economic Development & Commerce (HEDC) budget this afternoon, seeking new revenue streams from construction...

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jcitytimes.com /1 month ago

Department of Administration Budget Grows Despite Fiscal Crisis, Drawing Council Scrutiny

The Jersey City Department of Administration defended a proposed $17.3 million budget for 2026 during Monday morning’s departmental budget hearing, fielding questions from City Cou...

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jcitytimes.com /1 month ago

Council Looks to Raising Revenue During Housing, Economic Development, Commerce Budget Hearing

For the second week, members of the City Council scrutinized municipal department budgets looking for ways to reduce a $255 million deficit and avoid a 15% tax increase proposed by...

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Sources covering Jersey City Budget Deficit

gothamist.com

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hudsoncountyview.com

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jcitytimes.com

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patch.com

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