Monmouth County Reliability Project Sheds Light on the State’s Continued Skim on Taxpayers

By Tony Fiore, Middletown Deputy Mayor

409007_485290121501434_1271080836_nThe recent filing of the proposed JCP&L Monmouth County Reliability Project should serve as a wake-up call to all taxpayers in the state of New Jersey.   The proposed 10 mile project with upwards of 200 foot monopoles to be installed on New Jersey Transit right-of way, will have a negative impact on the property values of all adjoining properties and potentially, properties within the line of site.  The impact alone in Middletown could be upwards of $1.5 million in lost value. However, don’t despair taxpayers of Middletown, Holmdel, Hazlet, Aberdeen and Red Bank, according to their BPU filing, JCP&L will be making a $9.8 million payment towards the local municipalities through Energy Receipts taxes.

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Posted: August 15th, 2016 | Author: | Filed under: JCP&L, Middletown, Monmouth County News, Opinion, Tony Fiore | Tags: , , , , , , , , , | 4 Comments »