>
> The question remains how is the budget shortfall going to be fixed -
> By hitting the current residential property owners hard ?
>
No, they will claim hardship and the pain it will cause to city property
owners. They state will
again print money and hand it over - run the city, run the schools etc.
Property owners in AP
pay alot now and they dont pay either. The rest of the state pays for the LACK
of
development in AP. Lucky individuals stepped up and redid what they did. YOu
have quite a
few condos that are FINISHED that havent been sold....
A new 500k condo on the oceanfront runs about 7500 yr in taxes plus maint.
That's not
exactly an easy sell. It's all NJ - TAXES. $600 month on 500k.
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