Tax Breaks, Stockton Housing – Thursday’s Roundup

A report by Pew Charitable Trusts has faulted the tax incentives doled out to New Jersey projects, such as the over $1 billion that has gone to Camden development projects and the millions of dollars used to fund Stockton’s Atlantic City campus, the Courier Post reports. New Jersey’s tax incentive program is classified as ‘trailing’ the leading programs in other states in part because it has not program to regularly evaluate the tax incentives. The state’s Economic Development Authority said the report incorrectly characterizes its programs, which are evaluated. You can read the Pew report here. You might also be interested in the State Auditor’s report from earlier this year into selected incentive programs, which also found some flaws with the Camden projects.

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