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Re: Jersey City approves 25-year-tax abatement for $364M project with new school
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bodhipooh wrote:
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fat-ass-bike wrote:
By giving abatements, the city is not giving themselves enough (if any) capital to improve the necessary infrastructure to these projects .... sewers, water, storm water, parking, roads, side walks etc, that will all need to be updated to handle the increased loads. All that appears to happen is the taxes goes up, and we ALL directly are paying for these infrastructure issues and subsidizing the developers.

In the case of sewer and storm water flooding, the city has done very little and we have the recurring problem every year.


Your entire post is predicated on a false premise: the city doesn't collect LESS revenue with an abatement. Quite the opposite! In most cases, th city is making more money than if a development paid the regular tax, as the city gets to keep virtually all of the revenue from the abated taxes, instead of having to share said revenue with the BOE, or the county.


That is an absolute lie that the city is collecting less money. The city is basing its numbers on the value of the land from the 1988 revaluation. Every year, the city hires an outside assessor (res.17-104) on properties. Instead of using current values,they use old figures and say they are paying more taxes. The property should be assessed according to market rate and use those numbers. The city is practicing fraud. I cannot sell my property based on 29 years old figures so the city should not use old figures, too.

Posted on: 2/12 10:27
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Re: Jersey City approves 25-year-tax abatement for $364M project with new school
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fat-ass-bike wrote:
By giving abatements, the city is not giving themselves enough (if any) capital to improve the necessary infrastructure to these projects .... sewers, water, storm water, parking, roads, side walks etc, that will all need to be updated to handle the increased loads. All that appears to happen is the taxes goes up, and we ALL directly are paying for these infrastructure issues and subsidizing the developers.

In the case of sewer and storm water flooding, the city has done very little and we have the recurring problem every year.


Your entire post is predicated on a false premise: the city doesn't collect LESS revenue with an abatement. Quite the opposite! In most cases, th city is making more money than if a development paid the regular tax, as the city gets to keep virtually all of the revenue from the abated taxes, instead of having to share said revenue with the BOE, or the county.

Posted on: 2/12 8:58
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Re: Jersey City approves 25-year-tax abatement for $364M project with new school
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fat-ass-bike wrote:
By giving abatements, the city is not giving themselves enough (if any) capital to improve the necessary infrastructure to these projects .... sewers, water, storm water, parking, roads, side walks etc, that will all need to be updated to handle the increased loads. All that appears to happen is the taxes goes up, and we ALL directly are paying for these infrastructure issues and subsidizing the developers.

In the case of sewer and storm water flooding, the city has done very little and we have the recurring problem every year.
has anyone put together a report for fulop comparing what he said he would do and what he has done...i am thinking this guy is nothing but healy-lie.

Posted on: 2/11 22:09
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Re: Jersey City approves 25-year-tax abatement for $364M project with new school
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By giving abatements, the city is not giving themselves enough (if any) capital to improve the necessary infrastructure to these projects .... sewers, water, storm water, parking, roads, side walks etc, that will all need to be updated to handle the increased loads. All that appears to happen is the taxes goes up, and we ALL directly are paying for these infrastructure issues and subsidizing the developers.

In the case of sewer and storm water flooding, the city has done very little and we have the recurring problem every year.

Posted on: 2/11 21:06
My humor is for the silent blue collar majority - If my posts offend, slander or you deem inappropriate and seek deletion, contact the webmaster for jurisdiction.
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Re: Jersey City approves 25-year-tax abatement for $364M project with new school
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JC_Man wrote:
Fulop sells out AGAIN!
do you wanna know the naked truth about naughty nina?

Posted on: 2/11 0:57
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Re: Jersey City approves 25-year-tax abatement for $364M project with new school
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Fulop sells out AGAIN!

Posted on: 2/10 21:45
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Re: Jersey City approves 25-year-tax abatement for $364M project with new school
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The 'school' ends at first grade? That's not even half a school. Disgraceful deal.

Posted on: 2/10 21:12
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Re: Jersey City approves 25-year-tax abatement for $364M project with new school
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i wonder how much it costs to rent a union worker for 1 hour? sort of reminds me of the home staging companies?

Posted on: 2/10 20:07
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Re: Jersey City approves 25-year-tax abatement for $364M project with new school
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Tax break for Jersey City building with new school gets council OK

By Terrence T. McDonald | The Jersey Journal
Email the author | Follow on Twitter
on February 09, 2017 at 9:35 AM, updated February 09, 2017 at 1:17 PM

JERSEY CITY -- The City Council last night approved a 25-year tax break for a proposed 52-story Columbus Drive residential tower that will include a new public school paid for by the developer.

The council's 6-3 vote on the tax abatement came after a lengthy public hearing that saw more than two dozen people sound off on the plan, a large majority of them union workers who said the project would bring needed jobs to city residents. Dozens more union workers sat in the audience with signs urging the council to approve the deal.

http://www.nj.com/hudson/index.ssf/20 ... r_tax_break_for_buil.html


Posted on: 2/9 20:22
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Jersey City approves 25-year-tax abatement for $364M project with new school
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Jersey City approves 25-year-tax abatement for $364M project with new school

HUDSON COUNTY VIEW - ByJohn Heinis 


Posted on: 2/9 20:19
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