The Bayonne City Council approved releasing estimated tax bills for the third quarter during last nightâ€™s special meeting, which will include an annual increase of $218 for the average resident.
By John Heinis/Hudson County View
According to Bayonne Chief Financial Officer Terrence Malloy, the city will see an average property tax increase of 2.27 percent in tax bills to residents. This is an annual increase of roughly $218 for the average Bayonne household.
The councilÂ approved sending out tax bills to residents for the third quarter, beginning August 1. Residents have been given a two-week grace period.
“The projected tax bill will be close to our projected number but nothing is solidified,â€ 3rd Ward Councilman Gary La Pelusa said over the phone this morning. â€œI still have some personal cuts I want to address.â€
La Pelusa did not get into the specifics about which cuts he would like to see made.
At a special meeting last week, the council approved entering negotiations with the Chicago-based equities firm William Blair & Company to sell off $27.9 million worth of assets the city had previously obtained from the Port Authority of New York and New Jersey.
Bayonne is still trying to fill a $15 million hole in their $135 million budget after a developer backed out of a Harbor Station South deal in April.