Monday, April 9, 2012

Monday City Council meeting on 2012 Budget @ 7:00

A meeting of the City Council is planned for Monday night for a public hearing on the proposed $102 million 2012 budget.

This is the public's first opportunity to speak to the details of the budget.  Taxes are flat, a minor disappointment overshadowed with the sabotage of the proposed refinancing of the hospital garage in midtown.  The missed opportunity last November cost Hoboken $4.5 million and would have added $50,000 to the City due to the lower finance charges.

Some of the lost millions could have been used for additional tax relief.

Tonight's public hearing follows a series of budget workshops last month.  Those workshops, the third annually since inception have offered detailed looks into the City's individual departments and department heads with reduction efforts and explanation leading to the overall reductions by Mayor Zimmer totaling $12 million over her Administration.

Talking Ed Note: The mayor likely wished to see some if not all of those savings for additional tax relief in addition to the Administration's earlier efforts that lowered municipal taxes less than 10%.

MORTe works to undermine those efforts and create a scenario where taxes must be increased.  One of those goals is to entirely eliminate the surplus leaving the City unequipped for any additional costs whatsoever.

Councilwoman Beth Mason has made it a personal mission to put the City in a weakened financial position two years in a row arguing against every municipal budget professional who suggest a 5-10% budget surplus.  She's pushing for a zero surplus.

The City fell below 5% last year and is likely going to do so again even with the efforts to date.

The mayor may have wished to see some if not all of those savings for additional tax relief in addition to the Administration's earlier efforts that lowered municipal taxes a shade under 10% to date.

MORTe took care of that.  Score that a victory against the taxpayers by beth Mason, tim Occhipinti, michael Russo and Terry Castellano.

Correction: The tax levy has been reduced less than a million, approximately $800,000.  That would be about 1.5% in a tax reduction but is negated due to the impact of tax appeals.  A tax reval will eliminate that issue upon its implementation.