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Paterson council approves 2% estimated tax bills, $54.5 million temporary appropriation after weeks of debate
Summary
After extended debate over a proposed 5.6% levy, the Paterson Municipal Council voted to send third‑quarter estimated tax bills based on a 2% municipal increase and adopted a $54,527,765 emergency temporary appropriation to cover June–July operations while the city awaits state transitional aid.
The Paterson Municipal Council voted Thursday to issue third‑quarter estimated tax bills using a 2% municipal tax increase and to adopt a $54,527,765 emergency temporary appropriation to cover city operations in June and July.
The council’s vote followed an extended public and council debate about an administration proposal that had initially included a 5.6% tax levy increase. Council members said they rejected the larger increase in earlier sessions and insisted the estimated bills be set at 2% so the city could meet state requirements tied to transitional aid.
Chief Financial Officer (CFO) (unnamed in the record) told the council the estimated tax bills were being prepared on the 2% municipal levy the state requires when a municipality is seeking transitional aid. The CFO also provided preliminary figures showing the city’s municipal tax base increasing from about $170 million last year to roughly $174 million this year and said…
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