
In a secret move unrevealed to the public, Mayor Ravi Bhalla, sitting on a time bomb of a budget deficit since early this year estimated in the ballpark of $20 million, has snuck in a 5% tax increase onto the City Council agenda for tonight’s meeting.
While Hoboken taxpayers won’t be surprised there is a tax increase coming, they will be taken aback there’s an immediate and secret tax increase of 5% being thrust upon them with no notification. So will the City Council which has yet to see any budget from Ravi Bhalla.
Ravi Bhalla has acted similarly in the past with one of the all-time largest developments downtown in NJ Transit. In a similar effort, the public was given no notification last year his administration would put up the massive redevelopment for council approval.
As Yogi Berra would say, “it’s deja vu all over again.”
The announcement of the pending tax increase legislation didn’t come from the mayor’s office but in from Councilwoman Tiffanie Fisher. The Ravi Bhalla secret Santa surprise is sure to raise eyebrows.
This would be an interim tax increase allowed under NJ law with an obviously bigger one to follow with introduction of Ravi Bhalla’s budget.
Fisher made the revelation in an email release to the public earlier. In it she writes: