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JUST IN: State Rejects Lakewood’s Waiver Request To Raise Property Taxes Above The Cap Threshold
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JUST IN: State Rejects Lakewood’s Waiver Request To Raise Property Taxes Above The Cap Threshold
During a hearing this morning, the New Jersey Local Finance Board rejected Lakewood Township’s request for nearly $12.9 million in additional property tax revenue above the state’s statutory cap, TLS has learned, with board members raising concerns about the township’s recurring reliance on cap waivers and the sustainability of its spending. The board voted 4-3 […]
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