Virus adds to Hoboken’s multi-million-dollar deficit; ‘I honestly don’t know what we’re going to do’

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Mar 30, 2020 5:39 PM
From increased overtime to a steep decline in city revenue, the coronavirus is adding millions of dollars Hoboken’s existing budget deficit.After fee-based revenue started drying up and overtime expenses rose, the city scrapped its drafted budget, which was already tackling a budget deficit worth up to $15 million. Now, officials are considering every possible option, from delaying projects until next year to laying off employees, said operations director and acting business administrator Jason Freeman.Councilwoman Tiffanie Fisher, who co-chairs the City Council’s finance subcommittee, said th...
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