Open Space Referendum Passes November 2008!
jkocis October 7th, 2007
On November 6, 2008, Hoboken residents overwhelmingly voted in favor of the Open Space Referendum. The referendum establishes a Municipal Open Space, Recreation and Conservation Trust Fund, pursuant to N.J.S.A 40:12-15.7 to be funded at a rate not to exceed $.02 per $100.00 of total municipal equalized real property valuation. The Fund is to be used exclusively for:
a.) Acquisition of lands for recreation and conservation purposes.
b.) Development of lands acquired for recreation and conservation purposes.
c.) Payment of debt service on indebtedness issued or incurred by the City of Hoboken for any of the purposes set forth above.”
Hoboken now has continuous funding to acquire the park land identified in the Master Plan.
Get our Referendum FAQ Here.