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Hoboken has a fiscal crisis. We went from a budget of around $50 million to around $120 million in a very short period of time. It's not like we didn't know this was coming.

This needs to be fixed.

What will fix it?

I'm not sure. I am not a member of city council. I'm not a fireman. I'm not a policeman. I'm not a city worker. I'm a taxpayer. I'm a homeowner that was paying his taxes last year for services and amongst the other taxpayers who are paying up to 84% more in taxes. We have to address this tax burden.

Something is wrong with that.

I don't know what the solution is, i'm not an accountant. But, I think it is in the best interest of everyone within Hoboken, from taxpayer to city worker, to analyze our current fiscal situation. Then, we need to come up with solutions that make sense for everyone. Everyone, being the taxpayers and the hard working employees of our town.

We need to review the following:

1. Are we taxing properly?
Are the city taxes (property, commericial, industrial) in line with where we should be in 2009? Or are taxpayers still getting taxed like it's 1979. We need to review this.

2. Are we utilizing our taxes properly?
We need to review where the money is going. To all departments and services. We need to use national averages and other cities as an example to get proper baselines for the use of our funds. We need to make sure there is proper use of our subsidized housing to ensure the right people are living there.

That's all. How this will affect everyone, from taxpayers to city workers, should be done in a fair, logical, but compassionate way. There are people, from taxpayers to city workers, who are rightfully concerned about this situation.

But something has gone massively wrong in our town that I have lived in for 14 years. We can't look at the budget today and think that a 100+% increase is normal. Something must be done.

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This page contains a single entry by Furey published on January 23, 2009 12:19 AM.

2008 Eagles Season Perspective was the previous entry in this blog.

Chapter 9 Bankruptcy For Hoboken? is the next entry in this blog.

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