Difficult Challenges Await River Edge in 2013
Governing body looks to continue cohesive relationship going in the coming year
Limited by the 2% levy cap, lack of revenues and redevelopment interest, River Edge will face many challenges in the coming year all while the governing body seeks to continue its cohesive relationship going. The council is now split down the middle along party lines with Democratic Mayor Sandy Moscaritolo able to cast a tie-breaking vote. "We now have three Republicans and three Democrats on the council and unlike another borough across the river that every vote for the past year has come down with the mayor casting a decision, I don't see that happening this year in River Edge," Mayor Sandy Moscaritolo said. "We have people willing to work hard and move mountains for the benefit of the community as a whole. I will make a prediction that …
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Todd vandeweghe
11:13 am on Monday, January 7, 2013
I don't care what development brings in with gross taxes. I do care what the net is. I disagree with GCT in if a property is not fully rented, than the owner does not pay the full tax amount normally owed. Only upon a successful tax appeal would his tax obligation be reduced. I am not a lawyer but I have been self employed with a C corp for 25 years and also have owned rental property. I am also … more ›