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'Tax Relief': $24M Agreement Will Revitalize Hackensack 'Tax Relief': $24M Agreement Will Revitalize Hackensack
'Tax Relief': $24M Agreement Will Revitalize Hackensack A resolution to adopt a $24 million host community agreement with Hackensack University Medical Center was passed by City officials Tuesday. The deal will provide will provide $4 million in annual payments from the hospital to the city and covers the next six years, with a renegotiation and renewal option in 2024. The intention is to provide tax relief for residents. "This agreement proves the hospital’s commitment to our city and its understanding of the needs of our taxpayers,” said Deputy Mayor Kathleen Canestrino, who was the lead negotiator for the City.  “This has been a lengthy…

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by Cecilia Levine