There’s a lot at stake today during the New Jersey budget debate, and a key issue for the state’s struggling municipalities is the Urban Enterprise Zones.
It’s Christie vs. the Democrats once again in how to proceed on the issue, which gives tax breaks to businesses opening up shop in the UEZs and lets those cities keep the remaining revenue.
Christie says spending has spiraled out of control and those who oversee the zones used funds for other municipal services, Legislators, though, insist the zones benefit communities.
NJ.com has an interesting, comprehensive look at the history of the UEZs and what needs to be hashed out in the budget.
The Legislature wants to allow communities to keep half of the $90 million that UEZs produce; Christie wants that money to go to the state.