Fellow Passaic Residents,

The City presented 2 weeks ago a budget with a 4.34% tax increase and approximately $11 million in additional spending.

At the same time, officials are considering TONIGHT, May 19th @7PM

a 30-year PILOT agreement connected to approximately 400 additional low-income housing units at Speer Village.

Residents still have not been clearly shown:

• the full project scope,

• the long-term financial impact,

• the impact on schools and city services,

• or why a 30-year PILOT at approximately 3% is necessary.

This project already appears to benefit from Opportunity Zone incentives, LIHTC financing, and approximately $50 million in tax credits and subsidies.

We are asking the City to slow down, provide transparency, and allow fuller public review before approving decades of reduced taxation.

Please sign and share the petition below:

If we can all show up at 7:10 in City Hall and even speak for up to 5 minutes and show we care, we can make Passaic fiscally responsible again. Our respresentatives need our support.

 If you can only follow on zoom, here is the link:

https://us02web.zoom.us/j/89892612341

Thank you,

Passaic Project 2036

P.S.

PLEASE DO NOT DONATE TO CHANGE.ORG.
Instead, help Passaic residents by immediately sharing this petition with: • friends • family • WhatsApp groups • Facebook groups • neighbors
The more residents who see this, the more transparency we can demand from City Hall.
Please click SHARE below.