Smart with taxpayer money

Fiscal Responsibility.

Mayor Reed has strengthened Trenton's finances: restoring Capital City Aid, winning state aid and grants, earning a credit upgrade, and lowering health costs while keeping services strong.

Mayor Reed Gusciora speaking with President Joe Biden

Accomplishments

What Mayor Reed delivered.

State aid at record levels

State aid grew from $6 million in 2018 to $67.3 million in 2026, the highest of Mayor Reed's term, and totals more than a quarter of a billion dollars since 2018.

A Moody's upgrade

Moody's raised Trenton's credit rating from Baa2 to Baa1 in 2026, lowering borrowing costs for water and infrastructure projects.

More than $50 million in grants

State and federal grants for housing, water, parks, roads, trails, and downtown projects.

Capital City Aid restored

A quarter of Trenton's property belongs to the state and pays no city tax. Mayor Reed brought back $10 million a year in Capital City Aid to help close that gap.

Lower health costs, same benefits

Switching city employees to Aetna saved at least $4.3 million a year, with no loss of coverage.

Federal relief put to work

$72.9 million in American Rescue Plan funds went to parks, a modern 911 system, water infrastructure, and grants to nonprofits and small businesses.

A calendar-year budget

Trenton moved from a July-to-June budget to the calendar year, like the county and most of the state, building reserves along the way.

A modern City Hall

A new website, a resident reporting app, and a second-chance hiring policy modernized City Hall, which hired 362 employees in a single year.

Open government

Citi-Stat brings department heads to a monthly public meeting, with follow-up on complaints within 48 hours.

Recognition

Sustainable Jersey Silver certification and two Smart Growth Awards, for the Donnelly Homes plan and Clinton Lofts.

Investing in local groups

Relief grants supported Play Soccer Nonprofit International, KinderSmile Foundation, the Children's Home Society of New Jersey, and TDI Connect.

Private partners

Bristol Myers Squibb and Comcast each gave $100,000, for a soccer pitch and for internet and computers at five recreation centers.