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SID Update – Vote Was 3-2

Brian ended up voting against it.  (It was his his vote that I was least sure of when I made my prediction yesterday morning.)  I was correct that the mayor would promise to make the assessments more equitable and based more on the “benefit” that certain businesses get from the SID.  He really had no choice after Rob Harris of Belmar Self Storage made a very compelling argument that he was paying one of the highest SID assessments and receiving basically zero benefit.

2 Comments

  1. Eugene Creamer wrote:

    From a Belmar residential property taxpayer point of view …. the Borough tax assessor is the most qualified expert to determine the effectiveness of the SID and other business/commercial initiatives ….
    I did a quick review of 2015 property tax assessments of existing Main Street area businesses and found all assessments reduced from 2014. (except new construction)

    Wednesday, December 17, 2014 at 11:22 am | Permalink
  2. admin wrote:

    If they had gone up the SID guys would have taken credit for it.

    Wednesday, December 17, 2014 at 11:31 am | Permalink

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