Mayor: Montclair Train Stations Key to Cutting Taxes, Debt
The township’s plan is to reduce its approximate $230 million debt by more than $60 million over 10 years.
Managing Montclair’s nearly quarter billion dollars of debt is the goal for the current administration, Mayor Robert Jackson says, and the key toward lowering that debt will be the town's train stations. “We have gold, oil in the ground,” Jackson said yesterday about the six train stations which run through the heart of Montclair. And it will be the economic development around those train stations that will keep Montclair affordable, he added. Jackson and Business Manager Marc Dashield, in addition to Councilor Renee Baskerville and Deputy Mayor Robert Russo, discussed the problems facing the township during a 4th Ward community meeting held yesterday in the Fire Department Headquarters. Chief among those concerns was getting …
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spartan
9:53 am on Wednesday, December 5, 2012
Many of the so called 1% of N.J. live in Montclair and are getting soaked with ridiculous property taxes already and its still not enough. Cant tax your way out of debt more ›