Michael Flett to run for Hoboken City Council on DeFusco ticket


HOBOKEN – Hoboken businessman Michael Flett (right in the picture) announced today that he will run for City Council in the Nov. 7 Municipal Election on a ticket with Mayoral Candidate and First Ward Councilman Michael DeFusco.
According to a press release, Flett, a 25-year resident of Hoboken had a career as a member of the New York Mercantile Exchange before forming his current company, Flett Exchange.
Flett Exchange, headquartered in Hoboken, has operated for the past 10 years as a brokerage for Solar Credits, helping finance more than 6,000 solar installations in New Jersey for homes, businesses, schools, and municipalities.
Flett is currently a homeowner in Hoboken’s 2nd Ward with his wife Michelle and their three sons Calvin, Quincy, and Wyatt.
According to the press release, Flett indicated that the impact of taxes on Hoboken families was a major factor in his decision to enter the race for council.
“This burden makes it difficult, if not impossible, to afford to pay for college for your children or save for retirement,” he said in the release. “All the new development in town during the last 10 years should have reduced homeowners’ and business owners’ taxes, but instead our current administration took the savings and increased spending. Hoboken should be a destination where people want to lay down roots and raise their families, but we are currently taxing many of them out of town. Smart fiscal management builds a community by allowing people to stay.”
Flett is the first of three candidates to join DeFusco’s slate for Council member at Large.
“Michael Flett has a proven track record with financial management, but he’s also invested in Hoboken,” DeFusco said in the release. “He chose to raise his family here, has based his business here, and has stood up for his neighbors as a steering committee member of the Hudson Street Alliance. His blend of experience and forward thinking is exactly what we need right now on the City Council.”
“I’m looking forward to hitting the campaign trail and talking to voters so we can get to work on long overdue solutions for Hoboken,” said Flett who was previously a supporter of Mayor Dawn Zimmer during her first term in office, according to the press release.
“I’m proud to run alongside Councilman DeFusco as he runs for Mayor,” Flett said. “He’s shown the vision and understanding of the issues that we need from a Mayor in order to move our city forward. With a new administration and a re-energized city council, we can make sure Hoboken is a place where our residents are respected, our businesses can succeed, and our families can call home for as long as they desire to live here.”