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Jersey City’s Tax Hike to Fix Budget Crisis | Jersey News
Jersey City’s mayor is rolling out a bold but painful plan to fix a $250 million budget shortfall: a 15.5% property tax hike that could cost homeowners an extra $130 a month, plus cuts and state aid. The city’s finances are in shambles — $109 million in unpaid bills and deferred costs — with past administrations allegedly covering day-to-day expenses with money meant for long-term projects. Council members are pushing back, demanding transparency and refusing to accept blame for layoffs. Residents brace for a financial hit while City Hall erupts in debate over who’s really responsible for the…
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