Author Topic: The Future of Lakewood (Read 529375 times)

- FAA: Lakewood Township to raise taxes to make up for all the tax abatements they granted
Lakewood's Township Committee this year granted short and long-term tax abatements to numerous new office buildings around town. This resulted in a loss of over $4 million in tax revenue for this year alone. To make up for this lost revenue, the Township Committee is planning on increasing our property taxes for the coming year by over $3 million. More

WonderingYid · « **Reply #1895 on:** June 12, 2022, 11:29:37 PM »

Quote from: yesitsme on June 12, 2022, 11:28:21 PM

- FAA: Lakewood Township to raise taxes to make up for all the tax abatements they granted
Lakewood's Township Committee this year granted short and long-term tax abatements to numerous new office buildings around town. This resulted in a loss of over $4 million in tax revenue for this year alone. To make up for this lost revenue, the Township Committee is planning on increasing our property taxes for the coming year by over $3 million. More

Screwing the little guy like always.

aygart · « **Reply #1896 on:** June 12, 2022, 11:35:42 PM »

Math is hard

yuneeq · « **Reply #1897 on:** June 12, 2022, 11:40:04 PM »

Quote from: aygart on June 12, 2022, 11:35:42 PM

Math is hard

Not that hard. 4m decrease in expected revenue but only 3m shortfall.

aygart · « **Reply #1898 on:** June 13, 2022, 10:56:34 AM »

Quote from: yuneeq on June 12, 2022, 11:40:04 PM

Not that hard. 4m decrease in expected revenue but only 3m shortfall.

Abatements push off an increase typically.

WonderingYid · « **Reply #1899 on:** June 15, 2022, 06:21:21 PM »

https://www.thelakewoodscoop.com/news/2022/06/snaps-lakewood-announces-it-will-no-longer-allow-boys-under-17-to-sit-in-restaurant-thursdays-without-adult.html

Is an 18 yo considered an adult?

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Author Topic: The Future of Lakewood (Read 529375 times)