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By January 1976, the NYS&W defaulted on $252,498 of business and property taxes owed to the state of New Jersey, and they were forced to file for section 77 bankruptcy. [ 53 ] [ 81 ] By that time, the NYS&W railroad was cut down to a 43-mile (69 km) line from Croton and Edgewater through Paterson to Butler.
New Jersey has seven tax brackets that determine state income tax rates, which range from 1.4% (for income below $20,000) to 8.97% (for income above $500,000). [186] The standard sales tax rate as of January 1, 2018, is 6.625%, applicable to all retail sales unless specifically exempt by law.
The highway was extended south to New Brunswick Avenue in Woodbridge Township, Middlesex County, on November 1 that year, [17] In Cape May County, a four-mile (6.4 km) bypass of Cape May Court House opened on July 29, 1951, from exit 12 to the point where the parkway directly parallels US 9 north of Burleigh.
Financial firm Lazard also updated its levelized cost of electricity report costing new nuclear at between $0.118/kWh and $0.192/kWh using a commercial 7.7% cost of capital (pre-tax 12% cost for the higher-risk 40% equity finance and 8% cost for the 60% loan finance) over a 40-year lifetime, making it the most expensive privately financed non ...