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Mayor Proposes Sharing Tax Revenue From Abated Developments With Public Schools
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Mayor Proposes Sharing Tax Revenue From Abated Developments With Public Schools
Mayor James Solomon on Friday proposed a new ordinance requiring the city to share revenue from certain long-term tax abatements with Jersey City Public Schools. The ordinance would require the city to permanently share 10% of the funds it collects from payment in lieu of taxes (PILOT) agreements, according to a Friday press release. Such […]
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