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Southern NJ Says Let Others Buy Space

Bond In Investing Savings Southern New Jersey municipalities are letting someone else pick up the tab when it comes to preserving open space. Of the 187 municipalities in the state with local open-space taxes used to buy and conserve land, only two are in Atlantic, Cape May, Cumberland and Salem counties, which stretch across the bottom of New Jersey.

Central banks create money either by printing it or by buying bonds in the treasury market. When central banks buy bonds, they usually buy their own country's treasury bonds, and their purchases are made from banks that own bonds. The money from the central banks goes to the bank vaults, making capital.

Bond Investment Toledo Toledo Officials with state and private land-conservation groups are worried about the future of that region if more southern New Jersey municipalities do not come up with their own funds to help buy open space while it is not only available, but also affordable.

let sector. These range from special offer buy to let mortgage deals to variable and fixed and rate options.

James Bond Trading Card But municipal officials find themselves in a quandary: Faced with already-spiraling property taxes, asking residents to put up with an additional levy is not a viable option.

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Bond In Investing Stock Many southern New Jersey municipalities also feel there's no need to make major open-space purchases. They contend that it already is being done by federal, state and county governments, along with private organizations, which for years have been buying considerable parcels of land in the region for conservation.

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Municipal Bonds Investment For instance:

Your original mortgage lender has to be satisfied in order to ignore your existing mortgage, and this will require proof that you fit the new lenders let to buy mortgage calculation. In this instance, the new lender calculates your existing mortgage balance by something known as the let to buy typical rent calculation. If there is a shortfall, lenders will annualise it and count it as a commitment. Let to buy calculations depend on mortgage rates.

Bond Terms Trading # The Nature Conservancy alone owns about 1,200 acres, primarily in Cape May, Cumberland and Salem Counties.

Bond Debt High In Inside # PSE&G has gobbled up hundreds of acres of land along the Delaware Bay as part of an agreement with the state that allows it to forgo cooling towers at its nuclear plants.

Bond Greenville Greenville # Hundreds of other acres are under the control of entities like state preserves and the Cape May National Wildlife Refuge.

Trading Stock And Bonds Couple that with development pressure, especially in Cumberland and Salem counties, that's considerably less than in other parts of the state, and many municipalities see no urgent need to raise money to buy and conserve land, said Jay Laubengeyer, director of Nature Conservancy's Delaware Bayshore Program.

Bond Investing Municipal "I don't think that can continue for long," Laubengeyer said. "Some of the land that is protected now is really just a regulation change away from not being protected."

Basis Bond Finance Hill Those southern New Jersey municipalities could, depending on the location, eventually pay top dollar for land they could buy now at a relatively reasonable cost, he said.

Bond Explained Terms Trading "Land is not getting any cheaper," Laubengeyer said.

Bond Business Investing Stock Meanwhile, New Jersey officials say they cannot understand why more municipalities will not impose a local open-space tax, particularly when doing so would significantly increase the amount of state Green Acres money that it could receive.

Bond Houston Houston "It's in their best interest to set up their own pool of funding," Green Acres Administrator John Watson said.

Stock Bonds Day Trading There also are other reasons why some municipalities look at open-space acquisition with some skepticism.

Bond Corporate Investing Last year Millville, Cumberland County, called for a moratorium on land acquisitions within its borders by state agencies or other agencies under state control. City officials felt they were losing land that could be the site of much-needed ratables.

Investment Bond Uk "We love the quality of life and open space in Millville, but we must have balance," Mayor Jim Quinn said. "Either the state needs to stop taking land or else it should give us big chunks of money."

Bond Trading Strategy Other municipalities - such as Egg Harbor Township in Atlantic County - enacted a local open-space tax to buy and conserve land, or put it to public use, out of necessity.

Bond Fixed In Income Investing One of the fastest-growing municipalities in the region, it is filling with people who want recreational activities, and want them now, Township Deputy Administrator Dale Goudreau said during a recent Atlantic County planning summit.

Bond Dayton Dayton Investment The tax has allowed the township to broker more land deals than it could through other fiscal measures, such as bonding, he said. Those deals help to both offset the need for open space and meet the needs of new residents, he said.

Bond Management Market Risk The only other municipal open-space tax in the four-county region is in Pittsgrove Township, Salem County.

Bond In Investing Municipal On the ballot next month, Weymouth Township and West Cape May will seek voter approval for a local open-space tax of 1 cent per $100 of assessed value.

Bond Investment Las Las North Pilesgrove Township in Salem County wants approval for a local open-space tax of as much as 3 cents per $100 of assessed value.

Future Bond Trading System Pittsgrove Township's open-space tax is 1/2 cent per $100 of assessed value and will go back on the ballot: The township is asking residents for permission to raise the levy by 21/2 cents.

Bond In Investing Junk Located in the western end of Atlantic County, rural Weymouth Township might not seem like it needs to worry about raising money to buy open space.

Bond Investment Orlando But Jill Baxter, its environmental commission chairperson, said the municipality wants to be spared the problems such as sprawl and higher property taxes caused by the kind of development occurring in other sections of the county.

Bond Free Trading "You look at an undeveloped lot and say it's open space," she said. "It's not. You're looking at the possibility of how many houses."

Bond Free Guide Investing By Thomas Barlas
The Press of Atlantic City - 10/27/2003

Topic: Less Sprawl

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