NJ NewsWatch – North

Federal Reserve Gets $6.4 Million Tax Refund from East Rutherford

East Rutherford issues $6.4 million tax refund to Federal Reserve

The borough issued $6.735 million in refunding bonds to address tax appeals, including one filed by the Federal Reserve.

The federal government took East Rutherford to court and won a reduction in the taxable value of its operations center – a large, windowless building off Route 17 South that is one of the borough’s biggest property-taxpayers.

Read More at NorthJersey.com
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