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, negotiations loom, and funds are set aside for potential raises. Leaders are already eyeing next year’s budget, hoping to avoid another big tax hike and shift focus from blame to solutions. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a85d79353052e78b