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Passaic adopts 2025 budget and moves forward with State Street parking deck operations
Summary
Council approved the $118.7 million 2025 municipal budget after a public hearing and advanced ordinances to set fees for the new State Street parking deck; staff said the city’s surplus and the parking authority modeled revenues to cover the deck’s debt service.
Passaic — The Passaic City Council on Sept. 2 adopted the city’s 2025 municipal budget totaling $118,671,000, and took steps to implement fees and operations for the new State Street public parking deck.
During the meeting the business administrator and finance staff said the city holds a $32 million operating surplus and plans to use approximately $13 million of it this year to reduce tax pressures…
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