Latest / Jersey City News Today | 2 Min News | The Daily News Now!
Jersey City Faces $255M Budget Gap | Jersey News
Jersey City Councilman Jake Ephros unveiled the city’s $255 million budget deficit, inherited from prior leadership, and outlined a bold plan to tackle it—with $120 million in state aid, including $105 million in loans that must be repaid. To ease the burden, a phased 15% tax hike is proposed for the third quarter, avoiding a massive spike later. The full budget will debut July 15, with departmental hearings and a final vote by August 19, as officials dig into contracts and PILOTs to find savings while prioritizing community input and fiscal responsibility. Listen in comfort:Get a discount on…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.