The Town of West New York is touting a slightly less than 1 percent tax increase on a nearly $87 million budget, the second consecutive spending plan to do so.
By John Heinis/Hudson County View
“This year has been among the most challenging in our state’s history and the increased costs and loss of revenue associated with the pandemic is stressing local governments throughout New Jersey,” Mayor Gabriel Rodriguez said in a statement.
“I am incredibly proud, however, of the work our team has done to put together yet another municipal budget with stable property taxes. I would like to thank Revenue and Finance Commissioner Margarita Guzman and our entire administration and finance team for their determination to help local taxpayers and renters weather this storm by providing the financial relief they need in the form of stable property taxes.”
The current $86,902,623 spending plan contains an overall tax increase of 0.97 percent, while last year’s budget had a 0.46 percent, a feat that has been difficult to accomplish throughout the state, officials said.
“The Town of West New York is one of the only municipalities in the state that has held property taxes below a 1 percent increase in each of the last two years,” Guzman added.
“This could only be accomplished with careful financial planning and innovative thinking to reduce unnecessary expenses and attract new revenue – and I want to thank our CFO and our Municipal Administrator for their hard work. This is exactly the municipal budget that West New York taxpayers deserve, and I am proud to be able to present it to residents along with Mayor Rodriguez and our entire team.”
The budget was adopted by a unanimous vote (5-0) at Tuesday’s board of commissioners meeting.