City Council action forcing layoffs? Answer @ 7:00 tonight
Tonight Hoboken will find out if there’s going to be City layoffs. A refinancing of the midtown garage stands to either benefit Hoboken $50,000 or put the budget into an immediate hole of millions of dollars.
The mayor says if the refinancing fails layoffs follow. Mike Russo who called the mayor a grifter at last month’s meeting leads the Beth Russo hydra that can force the red ink on the city and the resulting layoffs. Russo says no more bonding. He can explain why it’s so critical for capital improvements and bonding as in this instance must be stopped at all costs – even to scores of City workers.
Union officials may appear and speak on behalf of their membership that faces layoffs in this shameless display of ego driven sabotage of Hoboken.