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Bhalla was endorsed by current Mayor Dawn Zimmer, who in a surprising decision announced not to run for re-election in June.
He is the first Sikh to hold elected office in New Jersey.
“Thank you Hoboken. I look forward to being your Mayor!,” Bhalla tweeted.
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“We’ve been through a bruising campaign but now is the time we come together and see who we can work with to bring this city forward,” he said.