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Hoboken council adopts 2025 budget after contested debate over spending and cuts
Summary
The Hoboken City Council adopted the city’s 2025 budget after a lengthy debate and amendments that reduced the originally proposed levy increase; council members split along lines over bonding, reserves and department cuts.
The Hoboken City Council voted to adopt the City of Hoboken’s 2025 budget after extended debate among council members about borrowing levels, surpluses and departmental cuts. The administration’s original proposal included a larger levy increase; council amendments reduced the municipal rate to an adopted 4.5% municipal tax increase that council members said would produce a lower aggregate residential effect than the originally introduced plan.
Council members spoke at length about the city’s rising debt service and the tradeoffs between capital investments (notably resiliency and park projects) and…
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