|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
 
|
Jersey City plan for stricter PILOT rules alarm developers, unionsJERSEY CITY -- Real-estate developers and labor unions are sounding the alarm about measures before the City Council that would sharply increase the requirements tied to tax abatements. One of the measures, which have yet to get final votes by the nine-member council, would require all tax-abated Downtown properties include 20 percent affordable housing, while the other would force developers seeking tax breaks to pay an extra fee that would go to the public-school district. http://www.nj.com/jjournal-news/index ... ty_plan_for_stricter.html
Posted on: 2017/6/11 4:14
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Bill would divert Jersey City abatement revenue to schoolsJERSEY CITY -- The public-school district would receive revenue from tax-abated properties under a measure up for initial approval by the City Council this week. Jersey City has faced growing criticism over its aggressive use of tax abatements, which provide no funding for its 28,000-student school district. The ordinance before the council this week would require abatement revenue - known as payments in lieu of taxes (PILOTs) - to be shared with the school district at the same rate local property taxes are. http://www.nj.com/hudson/index.ssf/20 ... ty_tax_abatement_rev.html
Posted on: 2017/5/21 16:54
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Quote:
I don't agree with your math, our contributions to the school system was frozen to $72 million in 1990 when then Mayor McCann tired to cut the school budget. Then in 2005, our contributions have been increasing. Local taxpayers are now paying approximately $116 million. That is an increased on local taxpayers yet people who live in tax abated buildings also use the school system including charter schools which get their funding from our tax dollars.
Posted on: 2017/5/14 20:55
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
Joined:
2005/6/8 3:24 Last Login : 2022/11/28 0:04 From New Urbanist Area
Group:
Registered Users
Posts:
1429
 |
Quote:
Except that much if not all of that money would have been met by a reduction in state aid. I agree that the tax abatement law, combined with School Funding Reform Act and the mandates under Abbott, create an incentive that administrations have abused to balance their budget. On the other hand, the laws could have been changed to require cities to allocate PILOT in the same proportion as tax revenue, to ensure that additions to revenue are not met by dollar for dollar declines in aid, and to allow Abbott districts flexibility in budgeting without having to submit school budgets to a referendum.
Posted on: 2017/5/14 19:39
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Great letter that exposes Fulop's executive order as a complete sham.
The Jersey Journal article was poor because it omitted essential context. Namely, Fulop violated his campaign promises, flatly lied, and only now is attempting to address them. Here's the context from Brigid's letter: "As a candidate for mayor, Councilman Fulop recognized the problem, promising in 2013 that if he were elected, payments from abated developers would be shared with schools. "The City's tax abatement policy has long robbed the school system of necessary resources. New real estate development tax revenue should be allocated in equal proportions to the County, City, and Board of Education. Instead, the City allocates 100% of revenue collected through tax abatements for municipal expenditures. Under Mayor Fulop, the policy will immediately change," he said. Unfortunately, that didn't happen. If Mayor Fulop had kept his promise, the city's district and charter schools would be getting an additional $46 million a year, according to data from the city's budget. After nearly a decade of flat funding from the state, this is money our public schools desperately need. Instead, Mayor Fulop nodded to his campaign promise only last month, promising 10 cents on the dollar from future abatements granted to the schools. At the moment, that will mean zero dollars for the coming school year."
Posted on: 2017/5/14 2:42
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Brigid's letter is making news. I returned from visiting the shrine in Hunterdon County dedicated to Fatima. The line entering was 3 miles long. So I googled and found Brigid's letter in the Hunterdon section of NJ. Nothing is written about the shrine so far but it is nice to know Brigid's letter is being read in a farming community.
Posted on: 2017/5/13 22:15
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Public schools 'long robbed' by Jersey City's abatement windfall | OpinionBy Brigid D'Souza and Ellen Simon Mayor Steven Fulop completed a five-ward speaking tour in March, reminding each night's appreciative crowd that his administration didn't raise taxes the previous year. Yet the Fulop administration has managed to increase the city's spending 10 percent during his term. It sounds impossible. How did he do it without raising taxes more? Fulop has credited an increased property tax base, more municipal court fines and more revenue from hotel taxes. But that's just part of the story. The bigger part is increased payments from abated developers. (Which, in fairness, he's also credited.) The increase in payments from abated developers accounts for more than half the city's spending increase. Those increased payments are the No. 1 reason the city has been able to spend more without raising taxes. What Mayor Fulop hasn't said: Those payments shortchange the city's public schools. http://www.nj.com/opinion/index.ssf/2 ... jersey_citys_abateme.html
Posted on: 2017/5/13 22:05
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Newbie
 
|
This is such a great idea, but can someone explain how it will be tracked and managed? And by whom?
Posted on: 2017/4/11 19:51
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Fulop renewed the tax abatements for Salem Lafayette for another 30 years bringing their abatement to 66 years and he renewed tax abatements on several buildings on Bergen Avenue. The people who live there still pay one third of their income in rent. This renewal provides a steady stream of income for the investors. Fulop also reduced the payment from senior complex. They previously paid 18% of their income to the city. Fulop had it reduced to 6.8%. Like the affordable housing, the tenants pays one third of their income in rent. This is to protect the owners. In the meantime, he takes our water money of $31.5 million.
Posted on: 2017/4/11 19:28
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Newbie
Joined:
2017/4/11 18:54 Last Login : 2017/10/18 17:18 From Jersey City
Group:
Registered Users
Posts:
8
|
Too little too late. There should be 0 abatement given out in Downtown. 5 Large developers control 90% of the inventory in Downtown. (KABR, Kushner, IronState, Mackcali, Panipento, IronState,). They dont need abatements to build on land they have owned for 10+ years or 20+ in some cases) All other abatement in other parts of the city should be only for 10 years maximum.
Posted on: 2017/4/11 19:19
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Ciattarelli: New Jersey City abatement policy ‘only adds insult to injury’ for taxpayersHUDSON COUNTY VIEW - By John Heinis- April 11, 2017 Assemblyman Jack Ciattarelli (R-16), a top Republican candidate for governor, is again attacking Jersey City Mayor Steven Fulop by claiming a new city abatement policy designed to help the public schools “only adds insult to injury” for taxpayers. By John Heinis/Hudson County View “Despite Jersey City’s revitalization, however, it continues to have its greatest expense – public schools – paid for by taxpayers across the state. In fact, more than 70 percent of Jersey City’s school budget is paid for by state residents,” Ciattarelli said in a statement. “A blatantly unfair and terribly flawed state school funding system is the reason, with Jersey City’s grossly generous state subsidy approximating half a billion dollars.” http://hudsoncountyview.com/ciattarel ... -to-injury-for-taxpayers/
Posted on: 2017/4/11 15:32
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Just can't stay away
|
what a baloney form terrence right in the title.
abatement by definition means tax reduction at other peoples expense. notice, how convenient abbott subsidies are omitted.
Posted on: 2017/4/9 19:05
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Quote:
Posted on: 2017/4/6 19:58
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
Joined:
2008/10/19 1:18 Last Login : 2020/9/25 20:40 From somewhere else
Group:
Registered Users
Posts:
1609
|
Quote:
Do you mean individual refunds and rebates (abatements?) or those tied to a project?
Posted on: 2017/4/6 18:29
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Quote:
Posted on: 2017/4/6 17:17
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Only being done because of all the negative press on abatements.
I feel like the public school board is a blackhole. Any amount of money thrown in it will vanish from this universe, never to be seen again. I wish the state would reform school aid formula to force reforms.
Posted on: 2017/4/6 17:10
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Quote:
Stringer wrote:
Posted on: 2017/4/6 17:02
|
|||
|
||||
|
Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Jersey City will share tax abatement revenue with schoolsBy JERSEY CITY -- Jersey City public schools will get a portion of the revenue the city receives from long-term tax abatements under an executive order issued by Mayor Steve Fulop yesterday. Ten percent of the annual service charges collected from long-term tax breaks -- otherwise known as payments in lieu of taxes -- will be directed to the public-school district. The executive order applies to all future market-rate residential, hotel, commercial and industrial tax abatements. http://www.nj.com/hudson/index.ssf/20 ... h.html#incart_2box_hudson
Posted on: 2017/4/6 15:37
|
|||
|
||||
|
Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
|
||||
|---|---|---|---|---|
|
Home away from home
|
Mayor Steven M. Fulop announced that today he signed an executive order that will dedicate 10 percent of the revenue from future tax abatements to the Jersey City Public Schools, with the revenue being shared through an unrestricted transfer of funds at the end of each calendar year.
http://riverviewobserver.net/2017/04/ ... rsey-city-public-schools/
Posted on: 2017/4/6 5:58
|
|||
|
||||