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Re: Fulop wants to let struggling residents pay property taxes in increments
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Home away from home
 
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2004/2/6 23:13 Last Login : 2021/7/30 1:08 From Jersey City
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bingo!
a budget, cost cutting initiatives, time for John Q. Public to speak up. Quote:
Posted on: 2010/1/6 3:14
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Re: Fulop wants to let struggling residents pay property taxes in increments
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Home away from home
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If the spending stays the same (realistically, it will increase) and tax receipts decrease, borrowing must occur to cover the difference. If money is borrowed, it must be paid back with interest, which increases the tax liability to tax payers. I just think it?s masking the problem, which is total spending. Borrowing money contributes to the illusion the government isn?t spending as much as it is ? since programs aren?t paid for out of pocket, they are paid later. If we had to pay out of pocket for our wars, I bet we?d be gone by now. Politicians loves to dream up different solutions to helping the taxpayer but none are the most direct and effective method ? lowering spending.
Posted on: 2010/1/5 18:17
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Re: Fulop wants to let struggling residents pay property taxes in increments
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Home away from home
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"Could raise taxes even higher" should read "WILL raise taxes even higher" since Healy's plan to get another pass from the state on not paying the city's pension obligation looks like it is dead. That's an additional $14-$15 million hole I am sure he has no clue how to fill other than adding it to our tax bills.
Posted on: 2010/1/5 18:06
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Re: Fulop wants to let struggling residents pay property taxes in increments
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Home away from home
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What if the deferral results in greater collections over time? What if the city doesn't need to utilize as many people in the tax department to pursue delinquent taxpayers? Most of the foregone revenue is penalty fees and interest that never were budgeted for to begin with. The taxes themselves wouldn't be foregone, just spread out over time. I also don't think it'll apply to just anyone - aren't there specific hardship requirements that must be met in order to qualify for a payment plan?
Given your stance on things government, I can't imagine you are in favor of the alternative - having the city foreclose on delinquent taxpayers and going through the not inconsequential financial, legal and administrative burden of having to conduct real estate auctions. But yes - definitely agree that spending needs to be addressed. Quote:
Posted on: 2010/1/5 18:01
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Re: Fulop wants to let struggling residents pay property taxes in increments
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Home away from home
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Reducing spending, and therefore, reducing property taxes would REALLY help out residents.
Delaying tax payments without reducing spending is really just a shell game.
Posted on: 2010/1/5 17:52
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Re: Fulop wants to let struggling residents pay property taxes in increments
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Newbie
 
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Fulop, Simply put that would be, Sweet.
I got hit with a re-assessment combined a retro-active tax increase back to mid 2008 of over $2,500 with about a month's notice to pay it all out. Thanks Jersey City!!
Posted on: 2010/1/5 17:50
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Re: Fulop wants to let struggling residents pay property taxes in increments
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Home away from home
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2005/5/11 3:17 Last Login : 2018/4/25 16:16 From Hamilton Park
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At leasrt someone at City hall cares about residents.
Posted on: 2010/1/5 16:37
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Re: Fulop wants to let struggling residents pay property taxes in increments
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Home away from home
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2006/11/13 18:42 Last Login : 2022/2/28 7:31 From 280 Grove Street
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Not a bad idea at all
Posted on: 2010/1/4 20:52
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My humor is for the silent blue collar majority - If my posts offend, slander or you deem inappropriate and seek deletion, contact the webmaster for jurisdiction.
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Fulop wants to let struggling residents pay property taxes in increments
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Home away from home
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Fulop wants to let struggling residents pay taxes in increments
6 hrs ago Hudson Reporter JERSEY CITY - Jersey City Councilman Steven Fulop told the Jersey City Reporter this weekend that he has a plan to help city residents struggling to pay their property taxes in tough economic times. Fulop said he will introduce an ordinance at the next City Council meeting on Jan. 13 to implement a tax payment plan allowing homeowners to pay back the city over a three-year period, if they show proof that they will have difficulties paying their taxes. He said allowing residents to have time to pay their taxes would help them avoid tax liens and foreclosure. The plan also has other steps such as: - Allow homeowners on unemployment or other financial difficulties to qualify - Ensure the city can only collect interest on the delinquent payment rather than the entire tax bill - Establish a council-created subcommittee to review resident applications with a recommendation from the tax collector "You start the tax lien process, and people start to lose their home; it affects the whole neighborhood around them," Fulop said. Fulop said his plan came about as a result of residents contacting his office and asking for help on their tax bills. He also points out that the city has already raised taxes over 11 percent so far in the current fiscal year, which ends on June 30, and could raise taxes even higher in a "difficult" budget year. The city's budget has not been introduced and is six months late.-RK
Posted on: 2010/1/4 19:17
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