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FarCenter

(19,429 posts)
1. Not other than ARC was probably closely tied to real estate development
Tue Jan 14, 2014, 12:04 AM
Jan 2014

Its main function would have been to bring NJ commuters into the 13 million square foot Hudson Yards Redevelopment Project and other projects on Manhattan's west side. It's not clear that sending more commuters into NYC would be a paying project for NJ.

 

FarCenter

(19,429 posts)
4. For NJ residents working in NYC, NY state and city collect the income tax
Tue Jan 14, 2014, 12:53 AM
Jan 2014

Taxes paid to another jurisdiction on income earned outside the state are a credit on the NJ income tax form.

Which is why NJ resident who work in NY but occasionally work from home or attend meeting, etc. in NJ keep a very careful diary so they don't have to pay NYS&C taxes on income earned on those days.

And if you work in NJ, be sure not to go to meetings in NYC more than 10 days of the year or NYS&C will come after you for a tax return.

The fact that a lot of New Jersey residents commute to New York and pay income taxes there is one reason why NJ property taxes are so high.

Laxman

(2,419 posts)
3. Unfortunately, The ARC Tunnel....
Tue Jan 14, 2014, 12:35 AM
Jan 2014

was a badly needed but poorly conceived project. The additional capacity for the expense was not cost effective. The ARC project would have created a deep tunnel dead end station underneath the current Penn Station with no through track capacity.

The Gateway Tunnel project that has begun construction and will probably end up utilizing some of the construction already started for ARC on the NJ side and the "tunnel box" currently under construction on Manhattan's East Side. Gateway is a much better project. It will provide through tracks for trains traveling along the northeast corridor instead of ARC's dead end for trains to and from NJ.

Its was hard because the financing for ARC had been arranged, then abandoned. It should have been a joint NJ, NY, Amtrak project from the beginning. Money dedicated for the project on the NJ side was diverted by Christie to closing budget gaps and road projects-not what the money was intended for.

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