--- In AsburyPark@yahoogroups.com, "bluebishop82" <[EMAIL PROTECTED]>
wrote:
>
>
They will pay full city taxes ,no school taxes for ten years.Why
should they pay school taxes right now? I doubt there will be many if
any school age kids moving in there anytime soon. That's an incentive
to buy. Can you see many people buying condos and paying over $16,000
dollars in taxes?? When the abatements are over I bet State aid will
be reduced. It's a balancing act of funding.
--- In AsburyPark@yahoogroups.com, "dfsavgny" <[EMAIL PROTECTED]> wrote:
>
> > particularly important is to remember that the new units will NOT
pay
> > school taxes as that is part of the tax abatement.
>
> I used the above in a discussion not to long ago, and the other
person
> challenged me on it. I realized then that I only really know this
from
> your posts and from Maureen's show.
>
> Can you favor the board with the source material that I can rely
upon
> the next time I run into this guy? How do we know that the abated
> money is the money that would have gone to education?
>
> Thanks.
>
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