TAX SHARING:
Introduction | How Tax Sharing Works | Theory and Operation
Procedures for Making the Adjustment Payment | Tax Sharing Stabilization Fund
Amendments to the Intermunicipal Tax Sharing Formula

Introduction

The Inter-municipal Tax Sharing Program was established to create a fair and equitable method of distributing the benefits and costs of economic development and land use decisions made by the NJMC amongst the 14 Meadowlands District municipalities. The legal basis for the Inter-municipal Tax Sharing Program can be found in the NJMC enabling legislation at N.J.S.A. 13:17-60 to 76. The NJMC receives no money from the fund and serves as the routing agent for monies distributed to Meadowlands District municipalities.