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City finance staff introduces budget showing $27.2 million cash surplus

3108071 · April 24, 2025

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Summary

City staff introduced the fiscal-year budget for council consideration, reporting a $27.2 million cash surplus and $15.1 million in additional revenues; the budget will proceed to scheduled hearings.

City finance staff introduced the municipal budget at the Jersey City Municipal Council caucus, noting a cash surplus and additional revenue that will factor into the public hearing and adoption process.

The staff member presenting the budget said the city has a cash surplus of $27,200,000 for the year and additional revenues of $15,100,000 returning to the General Fund. The presentation was made as part of the formal budget introduction and the staff member said one further budget hearing would be scheduled through the council president—9s office.

Council members deferred substantive questions until the scheduled budget hearings. No formal vote on the introduced budget was recorded in the caucus transcript; introduction began the public process for council review and hearings.