Post by Logan on Apr 24, 2016 3:43:58 GMT -6
Bayonne mayor on $15M revenue gap in city budget: 'We're going to be fine'
BAYONNE -- In the wake of an unexpected $15 million revenue gap opening up in the city's proposed $135.5 million budget, Bayonne Mayor Jimmy Davis is telling residents that "we're going to be fine."
Developer Kate Howard LTD, whose principal is Waitex Group, was slated to pay $15 million this year to the city, but officials announced last week that the deal between the developer and the city is off.
Aside from Second Ward Councilman Sal Gullace, who said earlier this week that he thinks the city has "figured it out already," officials up to now have stopped short of expressing confidence in a rosy outcome.
But in an interview yesterday with The Jersey Journal, Davis struck a similar tone to Gullace.
Read more: www.nj.com/hudson/index.ssf/2016/04/bayonne_mayor_on_15m_revenue_gap_in_city_budget_we.html
BAYONNE -- In the wake of an unexpected $15 million revenue gap opening up in the city's proposed $135.5 million budget, Bayonne Mayor Jimmy Davis is telling residents that "we're going to be fine."
Developer Kate Howard LTD, whose principal is Waitex Group, was slated to pay $15 million this year to the city, but officials announced last week that the deal between the developer and the city is off.
Aside from Second Ward Councilman Sal Gullace, who said earlier this week that he thinks the city has "figured it out already," officials up to now have stopped short of expressing confidence in a rosy outcome.
But in an interview yesterday with The Jersey Journal, Davis struck a similar tone to Gullace.
Read more: www.nj.com/hudson/index.ssf/2016/04/bayonne_mayor_on_15m_revenue_gap_in_city_budget_we.html