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

2026 NJBIZ Health Care Power List includes Prof. Joel Cantor

Power List Methodology The power lists are compiled by the NJBIZ editorial staff based on our reporting throughout the past year with input from experts in a variety of fields and recommendations from our readers. The staff looks for people who have gained public...

NJSPL: How Demonstration Projects Strengthen Rapid Response Programs

By Leigh Ann Von Hagen., Analise Draghi & Greg Woltman Across New Jersey, communities are embracing faster, more flexible ways to make streets safer. Demonstration projects are short-term, low-cost installations that test street design changes. They have become a...

Dockside Learning at Port Newark/Elizabeth

What does Port Newark/Elizabeth have to do with your morning glass of OJ?   On Friday, April 10 Bloustein graduate students in Professor Anne Strauss Wieder's Freights & Ports class again took their learning beyond the classroom and straight to the docks to see...