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Port Authority, Jersey City Settle $400M Tax Dispute

By Philip Rosenstein (March 22, 2018, 8:30 PM EDT) -- The Port Authority of New York and New Jersey said on Thursday its board of commissioners voted to authorize a host of agreements that settle a long-standing dispute with Jersey City, New Jersey, over property tax payments worth $400 million, with the understanding that the city will not contest the tax-exempt status of Port Authority properties located within the city for 25 years....

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