Mayor Thanks Council and Directors For Passage of Budget

Hoboken, NJ - Wednesday, April 18th, 2012

Despite legacy costs and retroactive salary payments going back to 2007, the City Council adopted a budget tonight with a $900,000 reduction in the municipal tax levy and a 3.6% cash surplus level. The municipal tax levy has been reduced by approximately $6 million since 2010.

“Thank you to Council President Bhalla, Finance Chair Cunningham, and Council members Marsh, Mello, and Giattino for their support as well as my directors and the finance department for working so hard to create this strong, responsible budget,” said Mayor Dawn Zimmer. “I am proud that our teamwork enabled the budget to be adopted in the shortest timeframe in over a decade and will continue working to provide city services as effectively and efficiently as possible.”

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