City delivers budget before state deadline, making nobody happy

David Giambusso: Newark council grudgingly introduces $592M budget just days before deadline

The Newark City Council introduced the 2012 budget today, but they weren’t happy about it.

The $592 million spending plan was introduced four months late but six days before a state-issued ultimatum that could have threatened $24 million in aid. It includes $18 million in revenue from a proposed Municipal Utilities Authority that is likely to face stiff resistance from residents.

The plan also calls for a 3.7 percent property tax increase, which represents an additional $217 for the average homeowner.

Author: Ken Walker

Husband, Father, Newarker, PCA Elder, Business Analyst. In a glass case of emotion since 1978.