Additionally, at my request, the project will incorporate a designated pick up and drop off zone for ride sharing services, taxis and shuttle buses on site, to prevent them from congesting our streets. I know for many of you, particularly my downtown neighbors, the impact this project could have on the flow of traffic has been of great concern. I’m confident incorporating a place for these vehicles to park within the development will alleviate a significant amount of any additional traffic.
BUDGET CRISIS IN HOBOKEN
Hoboken is again experiencing a deficit in the municipal budget, largely in part because of the administration’s track record of overspending and ignoring the warning signs about the state of our finances. Unlike last year, we’re now facing a shortfall that could be as high as $14 million. If nothing changes, this translates to a potential 15 percent tax increase. Nearly 80 hardworking city employees have also already been put on notice that they could be facing termination. These are men and women -- young families, single parents and dedicated employees -- who come to work to help Hoboken residents everyday.
When pressed to answer how we have gotten this far in the red, the Mayor has placed the blame on rising employee healthcare costs. Though partially correct, it is no surprise to him -- we’ve seen these costs trending higher for years, but our city spending never slowed. For the past two cycles, I’ve repeatedly called on the Mayor to replace Fairview Insurance Agency Associates with a more cost efficient provider, but the administration has not heeded my advice, and actively fought against it. Interestingly enough, this is the same politically connected health insurance vendor that allegedly had ties to a Super PAC involved in the 2019 election that supported the Mayor’s slate.
Rampant overspending across every department in City Hall, politically connected contracts, and unnecessary litigation combined with changing economic trends and the administration’s habit of tapping into our budget surplus, have all compounded to get us to this place. Making matters worse, our longtime Business Administrator Steven Marks unexpectedly stepped down from his position last week -- a resignation that coincided with the revelation of a budget deficit. Instead of having a succession plan or filling the position with a industry-leading professional, Mayor Bhalla has placed Hoboken’s day to day operations almost entirely in the hands of his political operatives, all of whom were connected to his 2017 campaign, while claiming he downsized his office size.
We cannot look the other way as this administration continually hands out lucrative jobs to political allies instead of prioritizing good and transparent local government. Now is the time for the Mayor to put politics aside and I look forward to working with him to provide sensible solutions to bridge the budget gap without eliminating jobs that are essential in the day to day operations of our city.
PARKING INCREASES CONTINUE
With our financial troubles mounting, the administration has again resorted to implementing backdoor parking taxes on residents to plug holes in the municipal budget.
Last month, in a 5-4 vote, the City Council raised residential parking permits by more than 240% and simultaneously increased parking penalties across the city. Last night, the Council doubled the cost to park in metered spaces in some neighborhoods of the city and passed a law to require visitor parking permits on Sundays, a day when most people come from out of town to visit their families.