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
A week after tabling the measure, City Council unanimously approved a resolution to award a $30,000 contract for consulting services related to analyzing operations of the city and leading the Rahway 2030 Initiative.
City Council tabled a resolution to award a $30,000 contract to a new government consulting firm created last month, without more information, such as a resume and proposal.
City Council unanimously passed a nearly $55-million municipal budget — which includes an average tax hike of $82 for the average homeowner — and the annual $140,000 Special Improvement District (SID) budget, during its meeting Monday night, with no comments from the public and only a couple of clarifying questions from council members.
City Council is scheduled to vote on a proposed 2018 municipal budget and the annual Special Improvement District (SID) budget during a special meeting tonight at 6:30 p.m.
The settlement of a multi-year tax appeal will result in a 31-percent refund on four years of property taxes for a local hotel while appeals on two other years were withdrawn.
Continue reading Tax appeal settlement nets 30-percent refund
The latest downtown development is expected to begin contributing a Payment In Lieu of Taxes (PILOT) this year, bringing anticipated revenue from PILOTs to more than $1.5 million in the 2018 municipal budget.
Municipal taxes are projected to increase by an average $82 as part of a 2018 budget introduced by City Council.