Jersey City plans smaller tax hikes after NJ lawmakers approve $120M bailout ^7.9%

Gothamist - By Michael Sol Warren, Tiffany Hanssen - 6/30/2026, 2:17 PM

Optimism Bias 16.2% - Pessimism Bias 10.7% - Appeal to Emotion 10%

Jersey City residents are likely to shoulder a little less of a tax increase as officials aim to close a $255 million budget shortfall. Mayor James Solomon has revised a planned 20% property tax hike down to 15% following the news that state leaders were preparing to deliver a $120 million aid package to the city. Solomon told WNYC in an... more