Re: Jersey City has big plans for 100 acres on West Side along Hackensack River
Posted by Yvonne on 2018/10/11 11:50:50
It is the people who pay the bonds, not the city. The reason for the upgrade - some old bonds were paid off. In theory, if Fulop did not bond this year, our debt would have been reduced and taxes would have fallen. I still find it amazing that citizens in JC, came to city hall and complained when the yearly bond debt payout hit $20 million in the early 1990s. It is now $75 million and God's know what it will be next year.
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