The East Hanover Special Improvement District (SID)
MORE TAXES, MORE TRAFFIC
The East Hanover town council is about to pass legislation to create a Special Improvement District (SID) on Ridgedale Ave. Homeowner tax money already has been paid for the engineering and law firm that conducted the study.
Did you know?
- The total cost to fund this project is unclear but will cost in the millions.
- Every business and homeowner in East Hanover regardless of location will be taxed to pay for the SID (even if it doesn't benefit them).
- The tax on businesses will not be enough to pay for the project.
- While the state has pledged some funds this year to support the SID, it is not guaranteed and will not be enough to cover the costs, and that is only for this year. There will be more taxes next year.
- This project will likely create a traffic nightmare on Ridgedale Avenue.
- Homeowners, your individual taxes will go up to pay for the SID.