Lambertville City Council Addresses Tax Assessment Error and Celebrates Cannabis Tax Windfall
- Meeting Overview:
At the recent Lambertville City Council meeting, the mayor delivered the state of the city address, addressing a significant tax assessment error that led to a tax collection gap for 2025 but assuring residents of the city’s financial stability through existing reserves. Positive financial news was shared, with cannabis transfer tax revenue exceeding expectations, contributing to the city’s robust fiscal health.
During the meeting, the mayor outlined a serious concern regarding a tax assessment error from 2024 that has resulted in a collection gap for the fiscal year 2025. The mayor reassured attendees that Lambertville has sufficient reserves to cover this shortfall and announced plans for an independent investigation to ensure transparency and accountability. The city’s auditors are expected to release the annual financial statement following the approval of the final 2025 transfer resolution, providing further clarity on the city’s financial status.
On a more positive note, the city has exceeded budget expectations by collecting $270,460 from the 2% cannabis transfer tax, surpassing projections by approximately $85,000. Additional revenue came from hotel and motel occupancy fees totaling $196,000 and parking revenue reaching a record high of $597,581, an increase of over $33,000 from the previous year. These figures highlight the city’s successful revenue strategies and the economic contributions of the newly legalized cannabis sector.
Further discussions at the council meeting involved significant municipal projects and developments. The completion of the Church Street repaving and one-way restoration, as well as the upper York Street retaining wall improvements, were highlighted alongside upgrades to the library and firehouse infrastructure. Future projects include the replacement of a water main on South Franklin Street and discussions about the potential sale of the former homestead market to Fisherman’s Mark. Additionally, the city is collaborating with neighboring towns on shared service agreements for stormwater maintenance and zoning reviews to address ongoing environmental challenges, such as private well contamination, with 65 active spill claims reported in Lambertville.
The mayor also emphasized the importance of affordable housing, sharing a notable email from a single mother expressing concerns about housing stability in the face of rising property values. The city has taken steps to register 254 long-term rentals to ensure public safety and landlord accountability. Region 9, a nonprofit housing corporation, was recognized for its role in acquiring and renovating local apartments, thereby improving living conditions for long-term residents. Ongoing negotiations with developers aim to address environmental concerns and integrate 40 affordable family apartments into the Lambertville High School redevelopment plan.
In addressing community engagement, the mayor acknowledged the dedication of over a hundred volunteers involved in recrafting the city’s master plan and rewriting the environmental resource inventory. Community events, protests, and fundraising activities were noted as vibrant aspects of civic life.
Public commentary during the meeting covered various community concerns, including stormwater management and infrastructure impacts due to upcoming developments. A resident voiced apprehensions about potential negative consequences from a significant project planned for the town, citing risks such as mudslides from heavy rains and the need for a robust snow removal plan. In response to snow removal concerns, the mayor explained the costly and resource-intensive nature of clearing snow, especially in critical emergency access areas. The city’s alert system was suggested as a tool to facilitate more effective snow removal operations by notifying residents to move vehicles in advance.
The meeting also addressed zoning changes, with Ordinance 012026 proposing the establishment of an inclusionary overlay zone to encourage mixed-use development. This ordinance passed unanimously, although residents raised concerns about traffic and safety implications, particularly in areas near cannabis retail outlets. The council assured residents that comprehensive traffic studies and additional public hearings would be conducted to address these issues.
Another noteworthy discussion involved the establishment of the Lambertville Farmers Market, set to take place at the library parking lot on Sundays. The initiative, which has attracted approximately 20 vendors, aims to offer musical entertainment and communal space for visitors. The council approved the market unanimously, emphasizing the importance of supporting local vendors and enhancing community engagement.
The meeting concluded with updates on abandoned and vacant properties, with the council monitoring properties with approved applications but no progress. Out of 14 property owners contacted, only two responded, highlighting ongoing challenges in property management. Additionally, concerns about odors from state-installed point metric treatment systems were addressed, with plans for water sample testing to ensure public safety.
Andrew J. Nowick
City Council Officials:
Steve Stegman (Councilman), Benedetta Lambert (Council President), Evan Lide (Councilman), Karen J. Kominsky (Councilwoman)
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Meeting Type:
City Council
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Committee:
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Meeting Date:
02/19/2026
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Recording Published:
02/20/2026
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Duration:
80 Minutes
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Notability Score:
Routine
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State:
New Jersey
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County:
Hunterdon County
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Towns:
Lambertville
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