Nick Trisante is showing a decrease from prior year of 8% from 2009.
2011 is actually flat projected for 98MM with a planned 21% decrease.
You don’t see the numbers change because of things both coming in and going out.
Items in 2010 not in 2011
TAN Interest 1.1MM
Salary Adjustment 3 MM – this number corrected. Not changed the final total though.
Salary Increase 1.6MM
Pension Reduction 600K
Attrition 3MM
Note Interest Savings 820K
Health Insurance Savings 1MM
Total Savings in 2010 (but not for 2011) $11,194,426
Finance Director Nick Trisante is giving the highline. Here are all the COST DRIVERS:
Health Care Cost is close to $15MM, actual: $14,800.000
– built in anticipated 10% increase, not actual but scaled in accounting
Pension – this is a full complete figure: $3,266,918
7.7% increase is for Police & Fire
– an amendment will be required to adjust 7MM
Retroactive Pay – this is approximate – $3,000,000
– 2.5 years of salaries and wages not yet paid $2,900,000
Deferred Charges – $1,619,392
Salary Settlements – $1,500,000
– this relates to those ridiculous benefits carrying special NJ vacations and sick time over years.
It is now being capped to two years. It is not yet in affect. Speculated to begin 2010.
Irresponsible Debt Management – $1,200,000
– Nick Trasente said it was done for a full year instead of the needed four months
– Pier C bonded cost is in this but was not necessary – a $5,000,000 bond
Decrease in State Aid – $505,000 another $380,000 is on hold by the State.
Decrease in Revenue – $160,000 cardboard recycling went down
The City videographer, Patrick Ricciardi, who was taping the last BOE meeting in an interview minutes before the City Council meeting tonight relayed the details of the problems leading to the loss of video and also his release from further duties by BOE Superintendent Carter via email earlier today.
Apparently, the video problems are part of a code issue although still retaining the audio portion. Unfortunately software tools from the hard disk manufacturer for the special hardware were not successful in fixing the video corruption. Eric Kurta confirmed to us via email that Patrick had conveyed concern about the video problems a couple of days after the meeting. The hard drive in the cartridge mechanism, approximately 170 GB goes back to 2007. It is used for every single city event.
There’s no way at this point to get both the audio and video up but the audio is available for the complete meeting. Patrick has offered Mile Square View a complete copy and we accepted but we’re not optimistic in its recovery.
We will be live blogging the City Council meeting from Chambers.
Hoboken takes the lead in a statewide investigation into government waste and abuse in local government. The State Commission of Investigation report dated December 2009 reveals all the practices that have helped to get New Jersey both on the state and local level deep into the red.
Leading the way on the gravy train is Hoboken’s own Carmen LaBruno:
“The largest excesses cited came from within the law enforcement community. Former Hoboken police chief Carmen LaBruno left his post with $350,000, which included $200,000 in unused time off, according to the report.”
Video streaming by Ustream
Judy Tripodi, the fiscal monitor and her team roll out their budget along with the mayor’s office tonight to the City Council. Where will the numbers come in? We are going to find out with all the promised transparency – per line item along with it. Okay, who needs a hanky first? You know there’s going to be some crying right?
As most readers here know, Mile Square View broke the story of the tax cuts included with the budget effort a full week before the election. This caused great consternation to the efforts already invested in a campaign and its tiny minions saying otherwise (no names to protect the guilty) but what can you do, we told the truth. Of course that caused much gnashing of teeth and frantic efforts worthy of Pravda in its heyday uptown at the home of censorship and self-proclaimed “political truth.” If you are new here, sorry you didn’t get the facts sooner. You really shouldn’t listen to a Hobo when you need accurate Hoboken 411 information. Consider yourself fortunate though; you’ve made a clean getaway.
Tune back later today. We have some surprises planned for the folks. And we think you are going to like it. We’ll have live chat enabled with NO CENSORSHIP available too. But that’s only for starters.
Spread the word.
There’s two spots for the Zoning Board. This gives people the opportunity to apply and take a shot at one of the more important local boards. Two slots and you have to put in a notarized application. Hop to it, here’s the details:
City Council Announces Zoning Board Vacancies to be filled at Council’s December 16th Meeting for Terms Beginning January 1, 2010
City Council President Peter Cunningham announced today that the City Council intends to fill existing vacancies on the City’s Zoning Board at its December 16th meeting for terms beginning January 1, 2010. As of the New Year, there will be two vacancies for regular board members, and two possible alternate vacancies.
With all the big bad news coming out of the BOE recently, you’d think it would be available for viewing on Channel 78. And if you did, you’d be wrong.
We’ve gotten multiple contacts from readers expressing anger about portions of the last meeting being cut from the video. The major parts left out: the audit presentation, the test score presentation and possible voting after the closed session. This “random” happenstance seems deliberate and the question is why.
Word on the street is that the Kids First coalition didn’t know about it and are taken aback by this. The old practice of editing, a practice said common by the past administration and prior board is appearing much like the ghost in the machine.
Da Horsey will dig in and attempt to get an answer.