As Mayor, Dawn Zimmer’s sound fiscal management enabled Hoboken to go from a city under state fiscal supervision with near junk bond status to a thriving, financially strong urban center with a AA+ bond rating – the second highest rating.
Zimmer reduced taxes and has maintained a stable municipal tax rate. She established and has maintained a responsible cash surplus for the first time in many years. Following audits of the police and fire departments, restructuring and redeployment allowed the city to save millions of dollars per year while enhancing community safety by putting more police on the street.
Through a successful effort to recruit a private owner, Zimmer saved the City’s cash-strapped hospital from closing, preserving more than 1,200 jobs, and relieving taxpayers of a $52 million bond guarantee.