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Re: Will Jersey City and Hoboken ever lose Abbott District Status?
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Quote:

bodhipooh wrote:
https://hudsoncountyview.com/judge-den ... y-school-funding-lawsuit/

While JCBOE may have succeeded in getting a judge to reject the state's request for a dismissal, the BOE is likely to lose the case.

I suspect that the BOE's final, last gasp argument as the trial runs through will be "if you allow the proposed cuts to stand, we will have to raise taxes too much, which will lead to an exodus, which will destroy real estate value, which will ensure the schools don't have enough people or money." Translation: we created this problem but, if you make us fix it, it will be too painful. Reminds me of the old story/joke about the man being tried for killing both his parents that asks the judge for leniency because he is an orphan. BTW - this would not be all that different than the argument put forth by the city administration in trying to sue to stop the revaluation, or the one put forth by DTJC residents protesting against the fairer tax rates that came about after the reval.

"The issue is not whether the state is providing sufficient funding, the issue is a legal question of whether the state is supposed to continue to subsidize their failure to raise their local fair share at the expense of all the other districts in the state [emphasis mine], who are either meeting their local fair share or are going over it."

For anyone paying attention, and willing to do some rational thinking, the writing has been on the wall for quite some time. All those DT owners that think/feel a local real estate tax of 1.48% is an imposition, should be terrified. Once the state proposed cuts are fully phased in, the school taxes will have to be almost tripled, pushing our local real estate taxes closer to 2.5%.


Look at the numbers it will probably be around 2%, not too bad. And many of the abatements are going to expire soon. IMO they should put the rate at 1.8% like many people expected and start increasing from there so there wouldn't be another outcry like the reval.

Posted on: 2020/1/19 23:46
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