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Jersey City Tax Hike Approved | New York City News
Jersey City just approved a painful $886 million budget with a 15.15% property tax hike to close a $255 million deficit — a move city leaders say is unavoidable to stabilize finances and meet state demands, even as they admit it’ll hurt residents and businesses. One councilmember abstained, calling the tax increase “pushing people out of their homes” without real relief. The mayor touts $58 million in spending cuts and $120 million in state aid as key wins, blaming past administrations for creating the mess through accounting tricks. With eight public worker unions still out of contract…
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