Jersey City's $255M Deficit: Mayor Seeks State Aid
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Jersey Citys new mayor, James Solomon, faces a daunting $255 million budget deficit, seeking a record $150 million state aid to avoid cuts and tax hikes. Blaming the previous mayors accounting gimmicks, Solomon has scrapped a museum project, promised a $1 salary, and ordered audits. Residents and workers worry about layoffs, but some are hopeful. State Senator Raj Mukherji defends the aid request, highlighting Jersey Citys significant tax revenue and job contributions. The citys fate hangs on state budget talks expected by late June.
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