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Archive for the ‘Education’ Category

What is wrong with property taxes? Plenty

23 Oct

In Fort Lee, New Jersey–a municipality with one of the greatest concentrations of co-ops and condominiums in the state–a co-op wants to convert its building to a condominium in order to boost property values and remove restrictions on shareholders.  The co-op board wants the town to phase in the higher assessments over 20 years to avoid an immediate spike in property taxes.

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Posted in Education, Local government, New Jersey, Property taxes

 

Raining money in Newark

04 Oct

On Oprah’s national television show Mark Zuckerberg, co-founder of Facebook, accompanied by Governor Christie and Newark mayor Corey Booker, announced he will make a $100 million gift to the Newark school system spread over five years.  Zuckerberg’s gift is in the form of a “challenge grant.”  Newark has to raise an additional $100 million over five years, bringing the total philanthropic bounty to $200 million.

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Posted in Education, New Jersey, Taxes