| direct retention |
Means that in the first adjustment year (1973), 90% of the apportionment rate amount is wholly retained by the municipalities and reduced thereafter 4% per year until a level of 50% is reached in the adjustment year 1983. The retention feature is incorporated to reimburse municipalities for service rendered.
Ãâó: www.meadowlands.state.nj.us/commission/Tax_Sharing...
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