Budget Presentation Highlights - Hackensack Clips

Hackensack City governing body · April 23, 2026

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Overview: fiscal condition, valuations and pilots

Presentation

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Presenter opened the budget discussion by describing Hackensack City's recent fiscal trends: tax rate declines from 2015–2021, 18 pilot awards by 2021, falling valuations in 2022 and three straight years of drops through 2024, and the awarding of 10 additional pilots between 2021–2026 (three later rescinded). Presenter stated that long-term pilot agreements have not attracted net ratables and called the policy 'not working.'

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Presenter for Hackensack City outlined drivers of a proposed 2026 municipal levy increase—citing falling commercial valuations, tax appeals, expanded tax exemption “pilot” agreements, a large BCUA sewer rate increase, expired federal grant funding for firefighters and a $1.6 million missed revenue projection—as the governing body questioned the administration about next steps.

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Transcript

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