Second reading of ordnance tonight 9/3 at the township meeting
The Lakewood township committee authorized in first reading the Issuance Of $20,425,000 Bonds And Notes and will pay $1,075,000 down payment for said purposes To Finance improvements for projects. The commitee said it expects to repay the bond within 5 years The bond matures in 20 years based on the usefulness of the projects which includes improvements to Vine street. unless paid from other sources, the Township shall be obligated to levy ad valorem taxes upon all the taxable property within the Township for the payment of the obligations and the interest thereon without limitation as to rate or amount. see full bond ordnance Here 2nd reading will take place at next meeting
Projects include
:
Road and sidewalk improvements at various locations including, but not limited to, Vine Street, Pawnee Road, Seminole Drive, Genesee Place, Mohawk Place, Iroquois Place, Delaware Trail, Lenape Trail and Route 88, with a total appropriation and estimated cost of $16,000,000
- construction of a code enforcement building, with a total appropriation and estimated cost of $2,000,000
- Township security improvements including, but not limited to, cameras, door fobs, training and building security upgrades, with a total appropriation and estimated cost of $1,000,000
- Police Department renovations, with a total appropriation and estimated cost of $1,000,000,
- Construction of the solid waste transfer station, with a total appropriation and estimated cost of $1,500,000, estimated maximum amount of bonds or notes therefor of $1,425,000, and an average period of usefulness of thirty (30) years,
Another way of raising taxes that lakewood tax payers will have to repay after the taxes were just raised 2 months ago in middle of the pandemic when people were out of work. This way it by passes the tax cap and no need to put it up for a referendum its called spending money you don't have but when its other peoples money you can build fancy new buildings while those paying for it cant afford these luxuries of upgrading their homes
ReplyDeleteAs some are drawing the City money pot the will drain the tax payers money pot.
ReplyDeleteRemember, lots of properties are tax exempt yet they collect plenty of money - legally so.
But the honey gotto come from somewhere.
Same issues in Monsey and Monroe.
How many properties are tax exempt? How much would each person save if those properties were not tax exempt? Let us have the exact numbers instead of propaganda from RUOC
DeleteThe information is out there. The number of tax exempt properties, that actually serve as people's homes, is quite low. Shuls and public buildings should be tax exempt. But they don't increase spending, homes do.
DeleteThere is one reason for the high tax levy. The school district is not considered 'poor' by the state, because it has such a low proportion of students to taxable properties. Only public school students 'exist' in their reckoning.
I believe it like a hole in my head. They promised us paved roads a few years ago. Yes, they paved a couple of roads, true. But generally, Lakewood roads are TERRIBLE. How the committeemen are not EMBARRASSED by the state iIf the roads in this town, is beyond me.
ReplyDeleteSo go ahead, borrow more money and screw it up again, no problem.
Vote the bums out! What in the world? Why was Ray Coles appointed mayor for life? The only way to stop this nonsense is to vote him out this November 3rd! (Exactly 2 months from today)
DeleteWhy do we need a code enforcement building? If we find a violation, just change the code. Same as we do with zoning.
ReplyDeleteBig toys for big boys
ReplyDeleteCode enforcement? We have that here in Lakewood? Sure doesn’t seem that way..
ReplyDeleteI wonder just how much of this money is going into improvements on Vine Street. Money that would not need to have been spent if not for zoning changes made in 2012 that allowed high density housing to be built there.
ReplyDeleteShould the developers have been responsible for the necessary road improvements? Not only have they obviously not done so, but there are still man made mountains left there from dirt that was excavated for its construction. Are the taxpayers going to have to pay to remove that as well? Or maybe the Township plans on opening a ski resort there?
VINE st - The builders need it done before they can finish the flee market....
ReplyDeleteDid the mayor acknowledge this tax theft at all or even bother explaining why it is needed after raising taxes.
ReplyDelete