The credit rating agency Moody’s has revised the city’s credit outlook from “negative” to “stable” on Tuesday citing signs of a stabilizing tax base and an aggressive effort to combat blight.
Velez backs Sayegh in Paterson mayoral race
Councilman Luis Velez endorsed his colleague Andre Sayegh for mayor at a press conference at the Pan-American Park, a pocket park decorated with the flags of the nations of the Americas, late Wednesday afternoon.
Paterson newspaperman files lawsuit seeking $10 million
Sirrano Keith Baldeo, publisher of the former Paterson Pulse tabloid newspaper, has filed a lawsuit in federal court seeking $10 million in damages. He alleges council members violated his civil rights by allegedly targeting him and his publication.
Paterson names street after retired basketball star Tim Thomas
The street outside of the former Paterson Catholic High School has been designated as “Tim Thomas Way” in tribute to the retired basketball star.
Paterson borrows $5.87 million
The city is taking on $5.87 million in debt to fix air conditioning and heating systems at two municipal buildings, repair roads, and make improvements to the Great Falls.
Paterson narrowly adopts $283.36 million budget with 2.6-percent tax hike
The city council narrowly approved the fiscal 2018 municipal budget on Tuesday night following a personal appeal from mayor Jane Williams-Warren. A majority of council members initially voted to reject the $283.36 million budget with a 2.6-percent property tax increase.
Downtown Paterson business district budget voted down
After repeatedly socking the Downtown Paterson Special Improvement District (SID) over the past three years, councilman Michael Jackson on Tuesday night succeeded in persuading a majority of his colleagues to vote down its budget.