realestate

Jersey City Mayor Fulop's Alleged Conflict of Interest with Developers

Jersey City Taxpayers Pay the Price as Mayor Fulop Serves Developer Interests

M
ayor Steven Fulop's rhetoric about a "corruption tax" rings hollow in Jersey City, where his real estate donors reap the benefits at taxpayers' expense. In reality, paying into Fulop's campaigns and super PACs is the cost of doing business for developers.

    Here are the facts:

    Fulop weakened pay-to-play laws to fill his campaign coffers with nearly $7 million from real estate interests.

    He gave tax breaks to many of these projects while homeowners in less affluent wards (A, B, C, and D) faced a $143 million property tax bill.

    Fulop opposed a revaluation that would have spread the tax burden more fairly between wealthy and working families. He only supported it after wasting $4 million on legal fees fighting it for his real estate backers.

    Fulop even received kickbacks from Dixon Advisory on home renovations in Jersey City and Rhode Island.

    In essence, Fulop has put Jersey City up for sale to fund his personal ambitions, making a mockery of his attempt to present himself as a reformer.

Jersey City Mayor Fulop with developers, sparking conflict of interest allegations.