Gusciora Administration Presents Amended Budget with No Tax Increase
Trenton, N.J. – Mayor W. Reed Gusciora announced today that following an extensive budget review with the N.J. Department of Community Affairs (DCA), his administration has developed an amended budget that will not increase taxes for the 2021 fiscal year.
“I hear from community members every day about the difficulties posed by the pandemic, and how the last thing they need is another tax increase,” said Mayor Gusciora. “Our City Council echoed those sentiments. Well, we heard you loud and clear. We spent the last month working closely with DCA to look for more efficiencies in each department budget. Thankfully, with that hard work, along with critical support from Lieutenant Governor Oliver and Director Suarez, we’ve been able to amend the budget so that there is no property tax increase on Trenton residents this year. While we cannot expand many city services at this time, we’re optimistic that substantial federal funding that is already on its way will help mitigate our shortfalls in the future.”
Property taxes have increased in Trenton during 25 of the last 29 years. Instead of an approximate two percent increase as outlined in the initial budget presented earlier this year, this amended version has no tax increase at all.
This amended budget will be presented before City Council at tonight’s meeting and will be available to view online later this week. If adopted by the April 1, 2021 deadline, tax bills will go out on time, which will help the City avoid some of the delays that impacted this year’s budget.