According to a projection in today's Asbury Park Press, taxpayers could encounter a $939 tax hike if the governor's cuts to aid to cities are made up by the City of Asbury Park through tax increases.
Meanwhile, the city may want to reconsider any recent bond approvals like the one it passed to help the city qualify for a stimulus grant, which I understand the city didn't get. (Our application was rated 52 and cut off was 50?)
I'm checking with our bond counsel now to see if there are any pending debt issues we can either cancel or bonds we can recall. Will let you know what I hear.
To read about previous bond issues and anticipation notes, enter the blog and enter bond in the search box.
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