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Administration Introduces $658 Million Budget

August 10, 2020/in header, Latest News, News, Uncategorized /by Jersey City Times Staff

The administration introduced a $658 million 2020 municipal budget today which, if adopted, will close a $70 million shortfall brought on by the Covid-19 pandemic.   The budget contains no tax increase.

“We have been focused on the hardships our residents are facing amid this pandemic, which is why we were dedicated to finding financial avenues on the city’s side to balance the biggest budget instability we’ve ever faced while avoiding further financial burden for taxpayers who are already struggling,” said Mayor Fulop.

According to a press release, the administration has found “$25 million in immediate and long-term savings from voluntary employee buyouts, hiring freezes, restructuring personnel, elimination of overtime costs, reassessment of operational efficiencies, healthcare cost reevaluation, program inventory assessments, reducing and eliminating operating costs and contracts, internal audits, and debt restructuring.”  It has also tapped “approximately $20 million in CARES Act funding to help offset additional expenses incurred.”

The administration cited bond rating agency Moody’s “stable” credit rating as an endorsement of its financial management.

The budget proposal will be introduced to the City Council this week.

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News Briefs

Mayor Steven Fulop and the Jersey City Economic Development Corporation (JCEDC) have launched the latest round of emergency funding to provide over $2.5 million in direct aid and support to Jersey City’s neediest residents, regardless of immigration status. The city will partner with  York Street, Women Rising, United Way, and Puertorriqueños Asociados for Community Organization (PACO). 

Darius Evans, age 45, of Jersey City was arrested  on Monday by The Hudson County Prosecutor’s Office in connection with the stabbing death of 39-year-old Tyrone Haskins early New Year’s morning. The charges include Murder and two counts of Possession of a Weapon for Unlawful Purposes.

Mayor Steven Fulop is joining forces with Uber to announce a new agreement that will expand residents’ access to COVID-19 vaccinations with free Uber rides to and from Jersey City vaccination sites. Phase 1B includes essential frontline workers and seniors 75 years old and over.

According to a report in the Jersey Journal, Jersey City received its first shipment of COVID-19 vaccines Monday and plans to begin vaccinating eligible residents later this week at the Mary McLeod Bethune Center.

The federal Paycheck Protection Program, which offers businesses loans that can be forgivable, reopened on January 11th. The revised program focuses first on underserved borrowers – minority- and women-owned businesses.

Jersey Art Exchange (JAX) has merged with Art House Productions effective January 2021 to help improve and expand arts education and opportunities for the Jersey City community. JAX Founder Jacqueline Arias will remain Director of the program at Art House.

Christmas trees will be collected citywide every Wednesday night throughout the month of January. Pickup resumes this Wednesday January 13th.

Keep abreast of Jersey City Covid-19 statistics here.

Governor Murphy has launched a “Covid Transparency Website” where New Jerseyans can track state expenditures related to Covid.  Go here.

 

 

 

 

 

 

 

 

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