Hoboken Council Approves $108.4 Million City Budget

Good news, Hoboken homeowners… your municipal taxes will stay the same for the coming fiscal year.

During their May 20 public meeting, the Hoboken City Council approved a $108.4 million municipal budget for 2015.

The budget contains no tax increases for local property owners, according to city officials.

Local property owners will still see a $67 tax increase as part of next year’s school budget. [See related Patch article]

Homeowners may also face a potential 11 percent increase to the Hudson County tax levy, according to a report.

Council members approved the budget by a vote of 8 to 1, with Councilwoman Beth Mason dissenting.

See the full budget online here.

EXPENSES

Appropriations in the 2015 budget include:

• Insurance (General Liability, Worker’s Compensation, Employee Group Health) - $21.22 million
• Police Department salaries and wages - $16.51 million
• Fire Department salaries and wages - $13.11 million
• Municipal Court - $1.09 million
• Mayor and City Council salary and wages - $553,781
• Street Lighting - $730,000
• Electricity - $435,000
• Gasoline - $350,000
• Postage - $150,000

Send Hoboken news tips and press releases to eric.kiefer@patch.com