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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
 
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They don't have a revenue problem. They have a spending problem. They should be more creative to solve this problem than just firing people although that's certainly key. Especially when it comes to firing those that cost the most.
Posted on: 2019/4/1 1:10
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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Reject it and vote the bums out.
Posted on: 2019/3/31 20:39
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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To increase the budget by more than 2% requires an affirmative public referendum.
Posted on: 2019/3/31 10:58
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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I do not have the budget from the school system but I know what the board members said, they have access to the budget now. Years ago, Hoboken municipal government actually went up more than 50% when Dave Roberts was mayor. So, large increases can happen.
Posted on: 2019/3/30 22:41
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
Joined:
2007/7/4 16:37 Last Login : 2021/11/4 21:55 From Hamilton Park
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I get it for the incremental levy for schools with the caveat that if property values drop, e.g. in a recession, we may end up in the 2-3% NJ range sooner than later with a lot of people appealing their assessment/taxes and the city/school/county counteracting accordingly every year.
As for this year, the city is proposing a 2% property tax hike to balance its budget while the BOE is proposing a 10% tax for the school portion. If the county proceeds in between, am I misguided in projecting that the average homeowner should expect a 3-4% hike?
Posted on: 2019/3/30 21:09
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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Quote:
Got it... so perhaps 2 percent imminently, but potentially 20% or more down the road.
Posted on: 2019/3/30 21:08
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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Quote:
Read the article: the current budget proposal is only for a 10% increase to make up the shortfall for this year. That ~10% increase represents only a little over a 2% increase for residents in their total tax bill. The dire predictions of 100% or 200% are about what will happen in the future. This year's increase is largely mitigated by the payroll tax approved by the legislature. As pressure increases in Trenton to cut back even more in the JC BOE subsidies, and as other cuts already announced get phased in, more money will be needed to make up the shortfall.
Posted on: 2019/3/30 17:48
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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While I am not claiming to know any of the numbers here, if the BOE is talking a 50% to 100% tax increase and school taxes represent about 25% of our full tax bill, how can we only expect a 2% tax increase. It seems to me it's more in the ballpark of 12.5%-25% or perhaps even more. This is simple math.
Posted on: 2019/3/30 17:35
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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Yvonne, the result is a 2% increase in JC taxes. Considering how low JC taxes are compared to the NJ average your takeaway should be ?how lucky JC taxpayers have been for decades?.
Posted on: 2019/3/30 16:58
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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But here is the problem, other districts do not have massive tax abatements as we do. Over one quarter do not pay school taxes and they use the school system. Then you have rent control properties. While they do get increases, the law was change in 1985 that prevented tax pass alongs. Other Hudson County municipalities do allow tax pass alongs to rent control buildings. This tax burden is squarely on the shoulders of the small homeowner.
Posted on: 2019/3/30 15:57
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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The numbers and details are public information. The BOE claim is actually quite true: over time (and, perhaps in the near future) JC residents SHOULD expect an increase of 100% to 200% percent of their current school taxes, which currently account for about 26% of the total property tax bill, and only covers about ~17% of the BOE budget.
A 100% increase would have JC residents shouldering 33% of their local school budget, while a 200% increase would have us shouldering half of our budget. When you look at it that way, two things become clear: 1) this future tax increase is inevitable, and 2) this is not at all an outrageous expectation on the part of the state and other NJ municipalities. For far too long, JC residents have been complacent about the BOE budgets and wasteful ways because we have only had to pay 1/6 of our school taxes. When the reval came out with an outrageously low number, it became clear to other municipalities that JC was getting away with far too much, and so now everyone is asking / expecting JC to shoulder a bigger percentage of their local BOE budget. Why should JC get away with levying a 1.5% property tax, and get over 80% of their school budget subsidized, while other municipalities have to impose 2 - 3 percent property tax rates to pay for their school budgets AND ours?
Posted on: 2019/3/30 15:52
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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Is there any way we can see the actual budget details?
Posted on: 2019/3/30 13:42
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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I understand that but I have friends downtown who are hit with $20,000 to $40,000 in taxes. We pay approximately 25% to the school system so my friends could pay an extra $5,000 to $10,000 at the low end or $10,000 to $20,000 at the high end.
Posted on: 2019/3/30 13:36
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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To be clear, the 100-200% tax increase refers to the portion of taxes that support schools, not your overall real estate tax, no? It?s so large, since JC homeowners currently pay such a tiny amount to fund JC schoolchildren.
Posted on: 2019/3/30 11:35
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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Quote:
Yvonne, are you against or in support of this tax increase?
Posted on: 2019/3/30 2:41
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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This video is from the Board of ed meeting on March 20, 2019. Board members are talking about a 100 to 200 percent tax increase.
http://www.jcboe.org/boe2015/index.ph ... lrqBoh1GcV1BK2CfRQQue_pCU
Posted on: 2019/3/30 1:11
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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More than 600 Jersey City school district employees would be laid off under initial BOE budgetJERSEY CITY — More than 600 school district employees would be laid off and residents’ school tax would increase by 10 percent under a proposed budget that was sent to the county for approval Wednesday night. The Board of Education, facing a $120 million budget shortfall and “draconian” reductions to state aid, presented a preliminary budget that — if adopted in May — would see 450 instructional staff positions, including teachers and teacher’s aides, and 260 central administration and non-instructional staff positions eliminated throughout the district. https://www.nj.com/hudson/2019/03/more ... eliminary-boe-budget.html
Posted on: 2019/3/21 14:32
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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Great news!! I hope next year the short fall is even bigger! Only then will the necessary changes be made.
Posted on: 2019/3/21 2:26
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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Future Jersey City tax abatements will add to school funding Updated 4:29 PM; Today 4:06 PM By Terrence T. McDonald | The Jersey Journal JERSEY CITY ? The public school district will receive 24 percent of revenue from future tax abatements under a measure approved by the City Council last week. The measure is symbolic at this point ? the Fulop administration has not passed along any new long-term abatement requests to the council since 2017 and has signaled those tax breaks are over ? but its supporters say if the city starts awarding tax breaks again, they want the schools to benefit. https://www.nj.com/hudson/2019/03/no-m ... ll-help-schools-more.html
Posted on: 2019/3/20 20:43
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Re: ‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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Tax abated and rent control properties will be excluded from any tax increases for the school system according to municipal code. It will be the small homeowner, as usual facing these increases. Just last week the city council passed a resolution to give future tax abatement 24% to the schools for Bayfront. However, we will have a higher rate than 24%. We are in the mess because past and present administrators are always protecting development.
Posted on: 2019/3/20 18:10
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‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meeting
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Home away from home
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‘Massive’ $120M budget shortfall is subject of special Jersey City BOE meetingThe Jersey City Board of Education will hold a special meeting Wednesday afternoon to determine how to plug a $120 million hole in the 2019/2020 budget. The nine-member school board that presides over the 30,000-student district will vote on an interim budget for next school year and send it to the county superintendent for approval. The district is set to lose $27 million in state aid next year, more than what was originally anticipated when the city enacted a payroll tax to help offset the state funding cuts. But the Jersey City Public Schools are also expected to lose about $6.5 million in state funding because an increase in enrollment in local charter schools, Board of Education President Sudhan Thomas said. https://www.nj.com/hudson/2019/03/mass ... sey-city-boe-meeting.html
Posted on: 2019/3/20 16:33
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