Resolution of the City of Jersey City, N.J. File No. Agenda No. Approved:
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Resolution 25-295, approved April 23, 2025, introduced the Calendar Year 2025 Municipal Budget for Jersey City. The City Council voted 8–0 to approve the introduction under N.J.S.A. 40A:4-5, with the budget attached for public hearing. Carmen Gandulla, Director of the Department of Finance, managed the resolution, with approvals from the Business Administrator and Corporation Counsel on April 17 and April 29, 2025 respectively. The document includes a 2025 tax summary showing county levies and property tax assessments, though specific total budget amounts are not stated in the introduction section provided.
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More budgets from Jersey City
Jersey City's 2025 Municipal User Friendly Budget document presents the city's tax structure and financial overview, with a total estimated tax levy of approximately $1.097 billion based on a total taxable valuation of $47.014 billion as of October 1, 2024. The budget breaks down tax allocations across municipal purposes (36.34% of total levy), regional school district (43.33%), county purposes (17.85%), and other services including library, open space, and arts and culture programs. The average residential taxpayer impact is projected at $10,760.83, with the municipal purpose tax rate at 0.811 and the regional school district tax rate at 0.968, under the leadership of Mayor Steven M. Fulop and Chief Financial Officer John Mercer.
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