This N.J. city has approved a state aid deal that will raise taxes. See how much.
Jersey City has approved a state aid agreement to address a significant financial crisis inherited by Mayor James Solomon. The city faced a $255 million deficit left by the previous administration, requiring a combination of spending cuts, state loan and grant funding, and tax increases on residents. The approved deal will result in an average property tax increase of $612 per year for homeowners as the city works to stabilize its finances.


