State aid to Hoboken will remain flat under Governor Christie's proposed $32.1 billion budget, figures released by the Department of Community Affairs show.
Hoboken will receive the exact same amount as last year: $11,113,035.
Finance Director Nick Tresante said recently that he anticipated that state aid would remain roughly the same. The city is currently drafting a final 2012 budget.
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On Wednesday night, Councilman Peter Cunningham said he expects the new budget will be introduced to the council around March 5.
After the introduction, the city council members can make amendments and public budget workshops will have to be scheduled.
Find out what's happening in Hobokenfor free with the latest updates from Patch.
It's likely that the budget will be passed around mid-April.
State aid is used to help control property taxes, and Christie said no town would see its aid cut.
“This stable funding – coupled with such reforms as the 2% property tax cap, pension and health benefit reform and a 2% cap on interest arbitration awards – is driving down the cost of local government and controlling the property tax problem," Christie said in a statement.
A report by NJSpotlight.com, however, .
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