How Does Carla Katz Do It?

Union president, Carla Katz, paid $1.1 million to buy a condominium at the luxury building known as the Hudson Tea in Hoboken. (Pictured left) There is no record of a mortgage on the property.

"In January, just weeks after she bought the condominium, Katz began extensive renovations on the Hunterdon farmhouse."

"An application for a building permit in Alexandria Township shows Katz plans a 3,200-square-foot addition to the three-bedroom colonial, as well as a new septic system, swimming pool and spa. It is unclear from the documents how Katz is paying for the work. There is no record of a loan or mortgage on the property. "

"While the renovation is under way, Katz is living in a four-bedroom rental house in nearby Pittstown, in addition to her place in Hoboken. "

"Katz, who is paid $102,802 a year as president of CWA Local 1034, declined to answer questions about the condo purchase or her personal finances when contacted by telephone last night. "

Imagine how much Katz pays in just property taxes – million dollar condo in Hoboken, large farmhouse on 10 acres in Alexandria Township, four-bedroom house in Pittstown. It’s amazing what she’s able to swing on her $102,802 salary.