The Rahway Arts District (RAD) did not follow public contract laws when it awarded contracts related to the opening of the Hamilton Stage for Performing Arts, according to the Office of the State Comptroller (OSC). The office also cited the RAD for lack of adequate internal controls “and basic standards for entities handling public funds.”
The average property within an expanded, citywide Special Improvement District (SID) would pay about $1,437 in taxes to the SID, but the average among industrial properties and apartments would be nearly twice as high as commercial properties.
Commercial properties that will be new to the expanded Special Improvement District (SID) in 2015 are likely to see what amounts to a nearly 5-percent increase on their property tax bill.
About two dozen people spoke before City Council on Monday night, drawing one of the largest crowds to a public hearing in recent memory, for an ordinance to expand the Special Improvement District (SID), including supporters, opponents and others pleading for more information and time to consider the impact.