New Jersey gave companies credit for millions in ‘phantom’ property taxes to qualify for incentives

October 4, 2019

“Why would you include property taxes as a benefit when you’re not collecting them?” said Michael Lahr, director of Rutgers Economic Advisory Service. Lahr was part of a team at Rutgers that evaluated the cost-benefit model for the tax-credit awards last year, and recommended revising that part of the formula.

Lahr made a similar suggestion at a state Senate hearing last month when he testified about how to improve the controversial incentive program.

Philadelphia Inquirer, October 3, 2019

Recent Posts

New Jersey’s Strict New E-Bike Law: What Parents Need to Know

In an interview with New Jersey Family last fall, we asked Leigh Ann Von Hagen, executive director of the Alan M. Voorhees Transportation Center at Rutgers University, what teens should do to stay as safe as possible when riding an e-bike. “Safety isn’t just about...