{"id":7733,"date":"2016-02-28T05:29:30","date_gmt":"2016-02-28T10:29:30","guid":{"rendered":"https:\/\/www.shorebeat.com\/brick\/?p=7733"},"modified":"2016-02-27T00:32:31","modified_gmt":"2016-02-27T05:32:31","slug":"brick-lobbies-for-more-time-to-pay-off-sandy-debt","status":"publish","type":"post","link":"https:\/\/shorebeat.com\/brick\/2016\/02\/brick-lobbies-for-more-time-to-pay-off-sandy-debt\/","title":{"rendered":"Brick Lobbies for More Time to Pay Off Sandy Debt"},"content":{"rendered":"
\"A<\/a>

A car that stuck inside a house in Brick\u2019s Normandy Beach section, Nov. 2012. (Photo: Daniel Nee)<\/p><\/div>\n

Brick Township officials say taxpayers should have the opportunity to stave off potential tax hikes by staggering the repayment of bonds used to fund the Superstorm Sandy cleanup over 10 years.<\/p>\n

State law currently dictates the bonds be paid over five years, leaving the township with the responsibility to pay off $6.9 million debt this year.<\/p>\n

\u201cInstead of having to make a $7 million payment this year, if you spread it over 10 years it could be a $3 million payment,\u201d said Mayor John Ducey. \u201cRatables would come back on gradually and it could be paid off early.\u201d<\/p>\n

Brick is still down $357 million on its tax rolls due to properties that haven\u2019t yet recovered from the storm, putting extra pressure on the taxpayers who are funding the recovery.<\/p>\n

Superstorm Sandy recovery costs added up to an 11.3 cent impact on the township\u2019s tax rate this year, though the sting was reduced to a minimal, 2 cent increase due to numerous cost-saving measures the township put into place, including the reduction of some debt and a restructuring of certain areas of municipal government\u00a0by the Ducey administration that saved tax dollars, including animal control and worker\u2019s compensation insurance.<\/p>\n

The township council this week unanimously passed a resolution calling on the state to allow the emergency bonds to be paid off over the extended period of time. The resolution will be sent to Ocean County\u2019s legislators as well as Gov. Chris Christie.<\/p>\n

<\/div><\/div>","protected":false},"excerpt":{"rendered":"

Brick Township officials say taxpayers should have the opportunity to stave off potential tax hikes by staggering the repayment of bonds used to fund the Superstorm Sandy cleanup over 10 years. State law currently dictates the bonds be paid over five years, leaving the township with the responsibility to pay off $6.9 million debt this […]<\/p>\n","protected":false},"author":1,"featured_media":1716,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[2,14],"tags":[24,1963,1964,66],"class_list":["post-7733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","category-superstorm-hurricane-sandy","tag-brick-nj-news","tag-emergency-loans","tag-sandy-cleanup","tag-superstorm-sandy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/shorebeat.com\/brick\/wp-content\/uploads\/2014\/10\/sandy_brick_1.jpg","jetpack_shortlink":"https:\/\/wp.me\/pgt2Ft-20J","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/posts\/7733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/comments?post=7733"}],"version-history":[{"count":0,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/posts\/7733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/media\/1716"}],"wp:attachment":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/media?parent=7733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/categories?post=7733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/tags?post=7733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}