BAYONNE – Still reeling from the impact of a downturned economy, Bayonne taxpayers will get moderate relief as the proposed $126 million 2012 municipal budget will raises taxes only $6.50 on the average assessed home assessed at $133,000.
Chief Finance Officer Terrence Malloy said at the May 9 public hearing on the budget that the increase is for the municipal budget but not the school or county budgets, both of which are likely to increase this year.