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The NJ Comptroller recently issued a report raising familiar concerns about abuses and uses of municipal tax abatements. The report talks about the distortion of municipal finances and tax stability, lack of review and compliance, subsidizing market rate residential housing whose residents use city, county and school services without fully contributing to the cost of providing [...] from the Jersey City Independent, Council Report, 2/26/2010 - Good-government activist and 2009 mayoral candidate Dan Levin reminded the council that Mayor Healy told JCI during his reelection campaign that a tax increase “[wasn't] in the cards,” promising he would “do everything possible to keep taxes stable.” Levin returned to a theme he hammered on during [...] |
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