City Council introduced a $56.7-million budget for 2020 that projects an average tax increase of $49, or about 1.37 percent.
Continue reading City Council scheduled to vote on 2020 budget
Category Archives: taxes
Council extends PILOT for Metro Rahway
City Council extended a Payment In Lieu Of Taxes (PILOT) from 15 to 30 years for Metro Rahway, a 116-unit building on Campbell Street.
Council to extend Metro Rahway PILOT
A five-year-old downtown building granted a 15-year Payment In Lieu Of Taxes (PILOT) has applied to extend the agreement for another 15 years. Continue reading Council to extend Metro Rahway PILOT
Inside the SID lawsuit dismissal
A Union County judge denied a motion on June 12 to enforce a settlement and reconsider a dismissal, officially ending the case that began in 2015 to stop the expansion of a Special Improvement District (SID).
PILOTs in the 2019 budget
Revenue from Payments In Lieu Of Taxes (PILOT) is projected to reach almost $1.4 million in this year’s municipal budget while foreclosure registry fees are expected to jump by more than 50 percent.
State of the City 2019
Mayor Raymond Giacobbe, Jr. delivered his first State of the City since winning a full, four-year term in November, announcing a new city administrator, a possible bike share with neighboring towns, and welcoming almost 400 new downtown residential units by the end of the year.
Abstract of ratables, 2018
The city’s overall tax assessment was down almost 2 percent this year with vacant assessments jumping almost 38 percent.
Tax appeal settled with another Route 1 motel
City Council approved another multi-year tax appeal settlement with a local motel chain, resulting in an average tax refund of 17 percent over four years, with a 2019 reduction yet to come.
Continue reading Tax appeal settled with another Route 1 motel