Re: 2017 Reval ~ Property Inspections
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Home away from home
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I don't disagree. The city gets more revenue from a tax abated property with PILOTs because it isn't shared with the schools. Personally, I want to see thschool board starved. It's too bloated and inefficient. A private school could do wonders if they got $29,000 per capita. Instead, Jersey City school kids are treated like pawns.
Posted on: 2018/7/21 16:26
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Re: 2017 Reval ~ Property Inspections
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Home away from home
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Yvonne, do you acknowledge the existence of Payment in Lieu of Taxes (PILOT) payments?
If so, do you acknowledge that most tax abated properties still send PILOT payments to the city?
Posted on: 2018/7/21 3:10
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Re: 2017 Reval ~ Property Inspections
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Home away from home
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I had a laugh when DanL was trying to justify the current funding! The school tax rate will soar in the coming years, hitting the revaled downtown properties hardest but will hurt literally everyone.
Posted on: 2018/7/20 19:27
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Re: Home Invasion Leaves Woman Tied Up, Robbed Inside Jersey City High-Rise Apartment Building (Monaco)
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Home away from home
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This is true, but I still don't understand how banks are mistrusted and anyone with large amounts of cash in their homes get robbed. How does one even legally obtain that much cash in the age of direct deposit. Something stinks!
Posted on: 2018/7/20 15:52
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Re: 2017 Reval ~ Property Inspections
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Home away from home
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Growth or die.
Posted on: 2018/7/20 14:00
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Re: Jersey City bolsters cop force with 28 recruits
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Home away from home
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Quote:
Stringer wrote:
Posted on: 2018/7/15 17:24
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Re: Developers Planning to Relocate St. Lucy's - Create Market Rate Housing
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Home away from home
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Sounds like a horrible plan. There's several thousand new housing units planned or under construction in the area. If the diocese had any intention of saving the church, it wouldn't be too hard to transfer the development rights from the historic structure to an adjacent lot.
Posted on: 2018/7/15 17:18
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Re: JC Public Schools is short $70 million
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Home away from home
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Sweet times for JC is officially over. 1.42% tax rate and rapidly growing ratable base to support schools.
Posted on: 2018/7/15 17:11
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Re: 'What is this, Russia?' Jersey City property owners fight developer
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Home away from home
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And with that line of thinking, I'm thankful you're not on the school board (or in council office for that matter). No admission of a spending problem is concerning.
Posted on: 2018/7/11 18:13
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Re: 2017 Reval ~ Property Inspections
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Home away from home
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*Sigh* Yvonne relaying words from Councilman Yun. But I oddly enough believe her this time. The 1.62% number was preliminary and did not factor in commercial properties at that time. It seemed way to high since most properties would be paying more while few would be paying less. The 1.42% is more in line of a zero sum. Some will pay more, some will pay less, some will stay the same.
Posted on: 2018/7/11 16:06
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Re: 'What is this, Russia?' Jersey City property owners fight developer
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Home away from home
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Bingo! The problem is an administrative one. I kinda wish the State would take back full control of JC schools until costs are under control. 25% more per student than state average is ridiculous, especially when you consider the level of service being provided... It's not as if our schools are 25% better than the state average. The one way to force the issue is for the state to stop sending a ridiculous amount of money to JCBOE at the expenses of other school needs in the rest of the state. That would force JC schools to get their budget in order.
Posted on: 2018/7/11 16:02
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Re: 2017 Reval ~ Property Inspections
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Home away from home
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How about at 1.42%?
Posted on: 2018/7/11 2:20
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Re: 2017 Reval ~ Property Inspections
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Home away from home
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1.42% and the plan went through. Good thing you're not a bookie.
Posted on: 2018/7/11 2:19
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Re: Jersey City Council to introduce $587 million budget with zero tax increase
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Home away from home
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This is actually valuable information (really). Thank you Yvonne. Ratable base of $34 billion and 1.42% tax rate.
Posted on: 2018/7/11 2:15
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Re: 'What is this, Russia?' Jersey City property owners fight developer
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Home away from home
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Can anyone refute this point? The city would have a budget defect if all abated properties were taxed at the normal rate, rather than receiving the PILOT payments. bodhipooh math looks correct. If not, please point out where it is flawed. The county and school board would have access to the additional ratables and that should push down the tax rates for both (or allow them to spend more, the more likely outcome).
Posted on: 2018/7/10 22:05
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Re: 'What is this, Russia?' Jersey City property owners fight developer
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Home away from home
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I believe this is true. There was that once case downtown where the developer asked the city to rescind the abatement it received because it would pay less under normal taxation.
Posted on: 2018/7/10 22:00
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Re: 'What is this, Russia?' Jersey City property owners fight developer
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Home away from home
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No abatement for 99 Hudson. And I agree with you that there really should only be 5 year abatement going forward for downtown. Other areas of the city still need a little help, but not 30 years.
Posted on: 2018/7/10 0:13
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Re: 'What is this, Russia?' Jersey City property owners fight developer
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Home away from home
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Bingo! I don't understand why the anti-development people don't understand that. Also, the more luxury the development, the more tax revenue it will bring in (be it PILOT payments or property taxes, it's still revenue to the city). The luxury tower at 99 Hudson alone will have over 700 condos with assessments averaging $750,000. That's over half a billion in new ratables and 6-7 million in new property taxes. They new money can be used to lower everyone's taxes or be used to fund additional city services.
Posted on: 2018/7/9 22:25
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Re: 4th of July in JC @ Exchange Place - Featuring Snoop Dog
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Home away from home
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Well, how was it?
Posted on: 2018/7/6 21:58
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Re: Sweeney proposes slapping payroll tax on Jersey City businesses to fund schools
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Home away from home
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Posted on: 2018/7/3 18:03
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Re: Sweeney proposes slapping payroll tax on Jersey City businesses to fund schools
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Home away from home
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Quote:
Stringer wrote:
Posted on: 2018/6/30 9:39
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Re: Kushner in New Jersey unraveling
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Home away from home
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Quote:
Stringer wrote:
Posted on: 2018/6/30 9:36
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Re: Jersey City Council to introduce $587 million budget with zero tax increase
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Home away from home
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lol
Posted on: 2018/6/29 7:03
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Re: JC Council Proposes to Limit Public Speaking at Public Hearings
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Home away from home
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Keep speaking to 5 minutes max but encourage the submission of written comments and give them equal weight. Not everyone is working 9 to 5 or is retired like Yvonne. Those with odd work hours are put at a disadvantage for public participation.
Posted on: 2018/6/25 21:40
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Re: Article: Dense zoning is the solution to housing costs
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Home away from home
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Exactly. Zoning makes it harder to produce new housing, especially bad zoning which will see the destruction of a 3+ flat replaced by a 2-unit Bayonne Box. Something must change.
Posted on: 2018/6/20 18:01
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Re: Jersey City has big plans for 100 acres on West Side along Hackensack River
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Home away from home
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Are you listening, Fulop?
Posted on: 2018/6/18 16:47
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Re: Jersey City has big plans for 100 acres on West Side along Hackensack River
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Home away from home
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What could go wrong... Seriously, affordable housing is expensive. $100 million for the lot plus remaining remediation plus infrastructure for another $70 million or so plus $200,000 for each affordable unit, with the city wanting at least a couple thousand. Then throw in interest and other fees. That's well over half a billion that will need to be subsidized by the market rate condos/rentals!
Posted on: 2018/6/18 13:48
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Re: JC cop appears in 'The Daily Show' immigration segment
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Home away from home
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So much misinformation about sanctuary cities. The left does a horrible job explaining its to protect victims of crimes to come forward without fear of deportation. But as left as I am, if someone is picked up and convicted of a violent crime, send them packing.
Posted on: 2018/6/15 21:49
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Re: Kearny Mayor says Mayor Fulop Shoved Cop
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Home away from home
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No. If you can make more than $400,000 a year, more power to you. The politicians can steal a lot more for less work.
Posted on: 2018/6/14 22:30
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