PATERSON, NEW JERSEY — El concejal del 5to Distrito de Paterson, Hon. Luis Vélez, …
Read More »Paterson Faces Internal Debate Over State Economic Incentives Program
PATERSON — A new debate has surfaced inside the Paterson City Council after Councilman Michael Jackson called for the city to withdraw from a state economic development program that grants long-term property tax abatements to new construction projects. Jackson argues that while the abatements are intended to attract investment, they may actually be hurting the city’s finances and benefiting developers …
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