the staff of the Ridgewood blog
3480 – Bond Ordinance – Pre-construction Funding for Hudson Street Parking Garage ($500,000)
Ridgewood NJ, The Village Council approved the $500K “preliminary” expense by a 4-1 vote with Knudsen being the only “no.”
Wording for the “bogus” non-binding referendum passed unanimously. Expect property taxes to jump as a result. There is no way in the world parking utility revenues will ever be able to completely pay off the principal and interest on a $15 million bond.