"Knowledge will forever govern ignorance

 and a people who mean to be their own governors

 must arm themselves with the power which knowledge gives."

Wednesday, March 07, 2007

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.

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