Tag Archives: taxes

5 things to know about proposed water deal

City Council is scheduled to hold a public hearing and final approval tonight on a new 20-year lease agreement for the city’s water treatment plant and a $14-million bond ordinance to borrow against an annual concession fee in the deal. UPDATED: Tonight’s meeting has been canceled. A combined conference/regular meeting has been scheduled for Nov. 21.

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Riverside Gardens wins tax appeal for 2012

A garden apartment complex adjacent to the Wheatena section of Rahway River Park won a tax appeal equal to about 13 percent of its tax bill for 2012.

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Council tables water deal until state review

City Council last night tabled three ordinances related to a new 20-year water lease agreement for the city’s water treatment plan, pending review and approval by the state Local Finance Board.

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Council to borrow $14m against new water deal

The city plans to borrow $14 million against a new operating agreement that’s expected to pay the city $1 million annually over the course of a new 20-year contract. Continue reading Council to borrow $14m against new water deal

Council OKs tax appeals for industrial site

Rahway Industrial Sites will receive a refund of more than $200,000 as part of a settlement in state Tax Court.

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Hamilton Gardens complex wins tax appeal

A small Hamilton Street apartment complex won tax appeals amounting to about a 6-perecent reduction on its property tax bills for 2014 and 2015.

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New Brunswick Avenue tax appeal settled

A New Brunswick Avenue property will receive a refund of more than 12 percent across five tax years – as far back as 2009 – while withdrawing tax appeals on three adjacent properties.

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City Council approves 2016 budget

City Council unanimously approved a 2016 municipal budget of $53 million that projects a $39 tax increase for the average home.

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