Mayor Dawn Zimmer is introducing a municipal budget that continues to keep municipal taxes stable for the 7th straight year. The introduced 2017 budget includes a 1.25% reduction in the municipal tax rate, due to a flat municipal tax levy and an increasing ratable base.
Over the next 6 years, the City will invest $42 million in the water main system. This includes the $7 million water main replacement on Washington Street that is currently underway, $5.2 million for additional improvements authorized for priority areas, and $30 million through the 6-year capital plan which includes an additional $5 million per year over the next 6 years.
Continue reading Hoboken’s Mayor Zimmer Introduces 2017 Budget With Tax Cut
