HOBOKEN, NJ (TIP): Hoboken Mayor Dawn Zimmer introduced on Wednesday, March 15 a municipal budget to the City Council that includes a 1.25% municipal tax cut.
“Through hard work and collaboration with the City Council, this is the seventh straight year we’ve held the line on municipal taxes”, Zimmer said.
Zimmer claimed in a statement to The Indian Panorama that since she “became Mayor, we have made fiscally responsible decisions that have resulted in a budget surplus, improved credit rating to AA+ from junk bond status and balanced budgets each year that fund critical projects for our City”.
The Mayor added: “And, I’m proud that our budget includes a capital plan with substantial investments in upgrading our water main system. In total, we are making a $42 million investment in our water mains over the next six years. As you may know, the $7 million water main replacement on Washington Street is already underway.”