Jersey City Freeholder Bill O’Dea (D-2) said that “Goya gamed us” by receiving $82 million in tax credits from the state to move their headquarters from Secaucus to Jersey City as part of a tax abatement panel last night.
St. Peterâ€™s Universityâ€™s Guarini Institute for Government and Leadership saw GIGL Executive Director Dr. Leila Sadeghi and St. Peterâ€™s Dean of Education Joe Doria a tax abatement panel inside the Duncan Room Sky Room.
The seven-person panel included Jersey City Freeholder Bill Oâ€™Dea and Jersey City Deputy Mayor Marcos Vigil, the latter being a former deputy secretary of state under New York Mayor Andrew Cuomo.
Oâ€™Dea took a firm stance against the State of New Jerseyâ€™s policy to award Abbott districts tax abatements. He further argued that no property taxes would be worthwhile only in a scenario where a large company such as General Motors comes to Jersey City and ensures hundreds of â€œblue collar jobsâ€ for residents.
The freeholder and long rumored mayoral candidate pointed to Goya as a prime example of the state tax credit program not being beneficial to the host municipality.
While Vigil admitted that there is indeed a lot of tri-state competition to recruit businesses, he added that he couldnâ€™t speak for what happened 30 years ago, only about what the Fulop administration intends to do moving forward: provide more affordable housing.
He also agreed with Oâ€™Dea that the state has to develop a better state property tax reassessment from the viewpoint of municipalities.
The other panelists were Paul Silverman, the principal developer of Silverman Building, Julio Colon, Newarkâ€™s Director of the Division of Housing Assistance, Eugene Paolino, a partner at the high-powered law firm Genova Burns, Donald Malone, an associate professor of sociology at St. Peterâ€™s University and finally, Devin Rafferty, an assistant professor of economics and finance.
At the same time that the panel was happening, the Jersey City Council approved a 30-year tax abatement for a 5-story building in Ward F.
A representative from Goya could not be reached on Thursday.