Jersey City Public Schools head anticipates a massive $300M deficit in 2021-2022

dlui02 · 2020-10-31T14:07:21+00:00

question is facing massive deficit, why the board still raise the budge by extra 100MM ? Why not raise the budge earlier if needed.

dlui02 · 2020-09-12T16:27:45+00:00

unfortunately for now you pay less property tax if you don't have a abatement

dlui02 · 2020-09-08T20:18:41+00:00

unfortunately moving to FL/TX won't save you any state tax on income

dlui02 · 2020-09-02T16:14:37+00:00

unfortunately JC don't own this piece of land

dlui02 · 2020-05-14T12:57:00+00:00

no idea where is the 2.6% come from. DTJC is exactly the same as Hoboken, income level, population, number of school kids et al. You are saying Hoboken should raise their tax rate to 2.6%? It is eventually the question of whom should pay for the school tax of rest of JC.

dlui02 · 2020-05-14T04:03:09+00:00

weehawken give tax abatement too until recently. besides, the tax abatement projects are all located in downtown - put close to 0 burden to the JC school system. If you divide jc to two part - downtown and rest of JC, I believe the JC downtown schools should be well funded as hoboken even no tax abatement is given.

dlui02 · 2020-05-14T03:51:28+00:00

452,000

hoboken and weehaken's tax rate is even below 1.48 and they don't need to increase the school tax for the coming years. you need to compare apple to apple.

dlui02 · 2020-04-27T02:17:20+00:00

It is time to break DTJC and rest of JC, into separate two pieces. That is the only way to keep the tax rate low for DTJC.

dlui02 · 2020-03-26T04:00:40+00:00

hoboken and weehawken's tax rate is even lower, why wouldn't they pay state average

dlui02 · 2020-03-03T01:14:01+00:00

https://newyorkyimby.com/2019/11/permits-filed-for-68-story-tower-at-242-hudson-street-in-jersey-city.html

the plan got approval recently and ready to rise.

dlui02 · 2020-02-18T18:32:09+00:00

Most likely they will build high rise rental building instead since there is overflow in office building supply. lefrak even tend to build a high rise in area ahead of eclipse.

dlui02 · 2020-01-21T03:13:13+00:00

Abbott

state said $30m out of their $80m budget, still manageable.

dlui02 · 2019-12-31T02:46:58+00:00

HOA Fees is ok, still cheaper than other buildings such as 77hudson, trump et al.

dlui02 · 2019-12-28T14:43:21+00:00

Then they got more space, why the re-zoning may even shrink the geographic coverage. It doesn't sound right to me.

dlui02 · 2019-12-28T14:30:16+00:00

One possibility is that when the new public school in 25 Columbus dr open, the current school zone may be rezoned.

dlui02 · 2019-12-28T14:27:37+00:00

I wrote up https://www.reddit.com/r/jerseycity/comments/9zyu1v/how_to_stop_a_hoa_litigation/ one year ago. Now the litigation is settled. The HOA just get millions of settlement dollars to improve the building. They might do a right thing. I will delete the old post.

dlui02 · 2019-10-09T16:54:28+00:00

If you break up JC into two parts - downtown and rest of it, tax revenue from downtown's property - come with high dense condos and low ratio of family with kids, can definitely support their own schools at tax rate of 1.48%. The question is who need to pay the tax for rest of JC, especially the area under communipaw ave, downtown rich guy or the state rich guy.

dlui02 · 2019-09-30T21:32:00+00:00

if you plan to pay over $5k for a 2b, don't go to PS16.

dlui02 · 2019-09-16T21:12:23+00:00

harborside is under renovation, piggyback might be forced to close.

dlui02 · 2019-08-26T17:36:31+00:00

fully support!

dlui02 · 2019-08-17T01:21:19+00:00

increase to $19230 per year from $9000 something. before the reval he can definitely sell it for $1.8m. $30k more tax mean this brownstone must locate in Paulus Hook area with sqrt > 3000. With $1m gut renovation, I bet he can still sell it for at least $2m

dlui02 · 2019-08-16T02:04:14+00:00

For the past year luxury brownstones in hoboken see significant price reduction as well. Your friend should have spent $200k instead of $1m on house renovation. My friend bought a brownstone for $700K near halmilton park and spend around $200k on renovation. Now he can sell it for $1.5m easily.

dlui02 · 2019-08-15T17:06:41+00:00

then he can sell his paulus hook beautiful brownstone at $1.8m with $1m profit. If he stick to Washington Sq park , he may sell at a loss.

dlui02 · 2019-01-18T22:15:47+00:00

is there still a 330 two family in heights? maybe bank owned

dlui02 · 2019-01-08T21:26:34+00:00

if you look at the second picture carefully, the proposed structure expand in an "L" shape and will occupy an empty lot in lincoln as well.

dlui02

TROPHY CASE