Gas prices in New Jersey have now hit $5 a gallon on average. Prices keep rising because demand is strong and oil prices remain high. Gas prices in the state are higher than the national average, as well as higher than the prices in New York and Pennsylvania.
State lawmakers are considering changes to the state’s senior freeze property-tax relief program. They propose revising the program so that those enrolled can remain eligible for benefits even if they move into a new home. Right now, there’s a waiting period for reimbursement if a homeowner moves. Learn more here.
Online streaming company Netflix has bid on a parcel of land in Fort Monmouth. For some time there’s been speculation that Netflix wants to set up a production studio in New Jersey. The nearly 300-acre parcel on the former army base was put out to bid in March by the Fort Monmouth Economic Revitalization Authority. In addition to the Netflix bid, three other bids were received,
The developers of the American Dream mall missed their latest bond payment, according to a report in the Wall Street Journal. Triple Five has a grace period until the middle of this month to make the payment, according to the report. Triple Five didn’t immediately respond to a request for comment.
