15.15% Tax Hike, Data Center Ban

Jersey City’s budget drama comes to a head as the City Council approves a 15.15% property tax hike, relying on a $120 million state rescue to avoid a deeper fiscal crisis. Without state funding, leaders warn of even higher taxes or a state takeover. The Department of Community Affairs is calling the shots, forcing a single compromise amendment and keeping a tight grip on spending, while rising police and fire contracts loom large in the city’s costs.

But here’s the catch: even as officials tout a 26% drop in major crime and overtime cuts, progressive councilmembers failed to redirect significant funds from police toward rental assistance and public health, highlighting ongoing battles over priorities. Meanwhile, the Council has banned new standalone data centers in the Industrial District—citing energy, water use, and pollution—despite critics arguing it could close off a much-needed revenue stream as taxes rise.

Real estate money isn’t slowing down: Rockpoint and Urby just locked in $277 million for a major new waterfront rental tower, betting on Jersey City’s transit access and strong lease demand. Plus, after flash floods led to dozens of rescues and a high-profile waterfront crime rattled the marinas, climate risk and public safety keep raising the stakes. Featuring reporting from PIX11, The Gothamist, TAPinto, The Real Deal, and more.

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