NJ Towns Shorted In Tax Adjustment Payments, Panel Says

Law360, New York (November 9, 2017, 2:04 PM EST) -- A New Jersey appellate court ruled Thursday that the state’s Sports and Exposition Authority had mistakenly calculated payments to municipalities within a conservation and recreation district, saying the authority will need to make up for the error when it calculates the rate for 2018 payments.

The court found that three municipalities within the Hackensack Meadowlands District were right to say the law clearly dictated that the authority should determine 2016 payments based on an average of 2013, 2014 and 2015 payments, and not the average of...
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