Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Newark mayor: No toilet paper for city offices

cory_booker.gi.top.jpgNewark, N.J., Mayor Cory Booker is attempting to fill the city's budget hole. By Hibah Yousuf, staff reporter

NEW YORK (CNNMoney.com) -- In a desperate attempt to fill a $70 million budget hole, Newark's mayor is taking a chainsaw to the town's budget -- even going so far as to cut toilet paper from the 2010 budget.

"Every single contract that does not go to the core function of our city in providing safe streets, providing fire protection, or other things to keep our city afloat will now be cut," Mayor Cory Booker said during an emergency press conference Wednesday.

The reductions include not buying toilet paper for city offices, cutting the work week to four days for non-uniformed city workers, which is equivalent to a 20% pay cut, scrapping city holiday decorations, and closing city pools. These extreme measures, most of which will take effect beginning in August, are expected to save the city between $10 million and $15 million.

The city came to this impasse after the city council deferred a vote to create a Municipal Utilities Authority, a key component of Booker's method of balancing the budget. Because Newark could issue bonds on the Authority, it would have cash inflow to cover the immediate deficit. Without that infusion, the mayor said they can't make ends meet.

While he accepts the council's decision, Booker said that the move leaves Newark without a budget and "an incredible financial issue."

"If the council chooses to rely on a tax increase to fill this budget hole, our homeowners will receive an entire year's worth of that tax increase in the fourth quarter -- people will see tax bills into the thousands," Booker warned.

He added that raising property taxes will likely result in massive foreclosure rates, which is unacceptable.

Booker said he is making the severe cutbacks "to avoid a tax shock to our city." To top of page

Index Last Change % Change
Dow 16,776.43 304.06 1.85%
Nasdaq 4,781.26 73.49 1.56%
S&P 500 1,987.05 0.00 0.00%
Treasuries 2.06 0.07 3.37%
Data as of 7:38am ET
Company Price Change % Change
General Electric Co 26.82 1.35 5.30%
Dow Chemical Co 46.31 1.86 4.18%
Bank of America Corp... 15.69 0.31 2.02%
Micron Technology In... 17.57 1.66 10.43%
Apple Inc 110.78 0.40 0.36%
Data as of Oct 5


The European Court of Justice has ruled that Facebook and others can't simply hand over data to U.S. authorities, by declaring a crucial agreement between the U.S. and EU invalid. More

Bermuda, the Cayman Islands and the British Virgin Islands are three of the world's biggest tax havens, according to a report from Citizens for Tax Justice and the U.S. Public Interest Research Group. More

The social network and Eutelsat are teaming up to launch a satellite that will bring Internet to sub-Saharan Africa in 2016. More

Smarties, a Halloween candy staple, have been around for 66 years. Three Millennial women are revolutionizing it. More