Re: Jersey City has big plans for 100 acres on West Side along Hackensack River
Posted by Yvonne on 2018/10/10 23:19:50
The city debt increased this year to an additional $170 million, plus $45 million bonded several months ago, $14.5 million for terminal leave. If you add an additional $100 million for tax refunds. That is an additional $329.5 million for 2018. The gross debt is already $650 million, bringing the debt well over $900 million. Then there is the loss of $170 million from the state for the schools. Forget about being the best midsize city in America, we will be the next Detroit who went bankrupt.
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