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Cohen: No New Taxes

| June 02, 2010, 06:23 PM | 1 Comment

Mayor Has Balanced Budget

From a press release issued by City Hall:

Amid final deliberations over the budget, Mayor Joshua J. Cohen declares that his revised fiscal year 2011 financial proposal will balance the City budget without raising the property tax rate.

The mayor will present his budget amendment Thursday, June 3, at the work session of the City Council. The package proposes millions of dollars in additional cuts and other changes to offset further declining revenues. The mayor’s proposal will maintain a required 10 percent reserve across all funds and lays out a clear course of action to replenish the cash reserves in the coming years.

“The public has spoken loud and clear about how we should tackle this budget crisis,” Mayor Cohen said. “We understand the government should not bail itself out to get through this crisis.”

The work session will start at 1:15 p.m. in the City Council Chambers. The event will be aired live on City TV (Verizon Channel 34 and Comcast Channel 99/100).

As a reminder, the public is invited to formally comment on the budget at a special meeting of the City Council on Monday, June 7. The meeting begins at 6:30 p.m., and the council is expected to pass the budget that night.

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  1. Fred Shubbie® says:

    If wishes were horses….

    Cohen may make it appear that he has not raised taxes but admittedly he is eager and willing to raise ‘fees’. Does not a skunk by any other name stink?

    My friends, Cohen’s rhetoric is hollow and is meant only to placate the masses. He can always and will certainly blame any raise in taxes on the council and the unions. There is only one real solution to the bankruptcy facing the city and that is a month long furlough , a 50% salary reduction ny Cohen and his “elite wanabee” staff and or/ allowing Cohen to admit ( explicitly) thast he is way out of his league and replacing him immediately.

    Your taxes will be raised. Maybe he can circumvent raising your property taxrs my friends, but your taxes Will be raised significantly. Despite Cohen’s sophist rhetoric, 1+1 -4 stile equals -2. And borrowing can not change the fundamentals of real world math.

    Good Luck Josh.

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