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.
â€œSince becoming mayor, we have worked with the City Council to restore fiscal discipline and hold the line on taxes, and Iâ€™m pleased that this yearâ€™s budget will provide a modest municipal tax cut,â€ said Mayor Dawn Zimmer. â€œTogether, we have passed fully-funded, gimmick-free budgets, restored a responsible budget surplus, and improved our credit rating to AA+ from its near junk bond rating. This yearâ€™s budget also includes a capital plan to make annual investments to continue upgrading our water main system and additional funding to help maintain our expanding parks and green infrastructure.â€
A property ownerâ€™s total tax bill includes three main components: municipal, school, and county taxes, along with smaller components for the Library, municipal open space, and county open space. In 2016, municipal purposes taxes made up approximately 31% of total property taxes while County taxes composed 40% and school taxes were 24%.
The introduced 2017 budget can be viewed at: www.hobokennj.gov/docs/businessadmin/CY17BudgetIntroduced.pdf.
A series of budget workshops will be held on the following dates:
- Monday, March 27, 2017
o Police â€“ 6:00pm
o Corporation Counsel â€“ 7:00pm
o Transportation and Parking â€“ 8:00pm
- Wednesday, March 29, 2017:
o Community Development â€“ 6:00pm
o Health and Human Services â€“ 7:00pm
o Environmental Services â€“ 8:00pm
- Monday, April 3, 2017:
o Fire â€“ 6:00pm
o Administration and Finance â€“ 7:00pm
o City Clerk â€“ 8:00pm
City of Hoboken, NJ
94 Washington St
Hoboken, NJ 07030