Judge's ruling would force city to raise taxes on Newark, N.J., homes.

Publication: The Record (Hackensack, New Jersey) (via Knight-Ridder/Tribune Business News)

Bookmark this article Print this article Link to this article Email this article Digg It! Add to del.icio.us RSS

COPYRIGHT 2004 The Record

Byline: John Brennan

Nov. 18--NEWARK, N.J. -- An Essex County judge knocked $10 million out of Newark's yet-to-be-approved 2004 budget plan Wednesday -- a move that city officials said leaves them no alternative but to raise property taxes an average of $340 per household.

The order by Superior Court Judge Rachel Davidson came in a lawsuit that accused the city of breaking state law by failing since 2000 to set aside $45 million a year from parking and payroll taxes normally collected by the state.

A law passed five years ago allowed the city to keep the tax revenue but stipulated...

Read the full article for free courtesy of your local library.