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Asbury Park Press :: Monmouth Edition

WEDNESDAY 02.11.15

STEWART LEAVING
DAILY SHOW
Red Bank resident announced
departure Tuesday. STORY, 6B

NBC SUSPENDS BRIAN WILLIAMS. STORY, 1B

Oceanport
in police
eviction spat
New headquarters
leased from fort group
DAN RADEL @DANIELRADELAPP
OCEANPORT The borough police department was
threatened with eviction by the Fort Monmouth Economic Revitalization Authority, a councilman said,
forcing the borough to agree to a lease it feels could
make taxpayers vulnerable.
It was kind of like putting the gun to your head and
saying Take it or leave it, said Councilman Joseph
Irace.
Ever since superstorm Sandy damaged its former
Monmouth Boulevard headquarters in 2012, the police
were operating in trailers while they searched for a
new home.
Last summer, the borough spent in excess of
$100,000 to prepare a former firehouse located on Fort
Monmouth property for use by the police department,
according to Mayor Michael Mahon. In October, the police department moved in.
However, the borough and the Fort Monmouth Economic Revitalization Authority the entity tasked by
the state to oversee redevelopment at the former U.S.
Army base had not yet worked out the terms of the

New Jersey lawmakers

author proposals to repeal,
phase out or exempt
more people from estate,
inheritance taxes

See SPAT, Page A4

Was ex-Wall super

playing hooky
in sunny Florida?
KATHLEEN HOPKINS @KHOPKINSAPP
FREEHOLD A Monmouth County
detective on Tuesday sifted through
records that indicated former Wall
Township Schools Superintendent
James Habel wasnt where he was supposed to be on 105 different occasions
during his employment with the school
district.
Lt. Maria Reverendo of the financial James Habel
crimes and public corruption unit of the
Monmouth County Prosecutors Office
outlined each of those 105 occasions for
a jury in Superior Court: The school dis-

DEATH AND TAXES

New Jersey is one of only two states
with both an estate tax, on the assets of
the person who died, and an inheritance tax, charged to some people who
are bequeathed money or assets. Moreover, of the states with an estate tax,
New Jersey exempts the fewest from
having to pay.

SOUND OFF!
Are you considering leaving New Jersey
because of the states estate and inheritance taxes? Would you consider
staying if the state were to do away
with the estate tax or, otherwise,
reduce its reach? Be heard: Click on this
article at APP.com and share your view.

MICHAEL SYMONS @MICHAELSYMONS_

TRENTON No state in the nation levies taxes when people die
as aggressively as New Jersey.
Most states charge nothing. New Jersey is one of only two
states with both an estate tax, on the assets of the person who
died, and an inheritance tax, charged to some people who are bequeathed money or assets. Moreover, of the states with an estate
tax, New Jersey exempts the fewest from having to pay.
That could change.
State lawmakers are pitching more than a half-dozen proposals to repeal, phase out or exempt more estates from the taxes,
and its conceivable such a move will be pursued in coming
months in conjunction with a possible hike in gasoline taxes.
Sen. Steven Oroho, R-Sussex, a certified financial planner, has
been advocating for change for years.
It actually chases income out of the state of New Jersey, Oroho said. Quite frankly, people know right away, financial planners and estate attorneys, they almost feel like they have a duty to
tell their clients: Heres what it costs in New Jersey, and heres
what it costs elsewhere.
Oroho says IRS statistics that track when tax filers move from

See TAX, Page A4

See HOOKY, Page A8

OBAMA SEEKS FORCE AGAINST ISIL AFTER U.S. HOSTAGES DEATH PAGE 1B

IS CHOLESTEROL NOT SO BAD?

STORY, A11

OCEAN GROVE RALLIES AFTER FIRE

STORY, A3
ADVICE
CLASSIFIED
COMICS
LOCAL
OBITUARIES

D7
E1
D6
A3
A13, C3

OPINION
SPORTS
TABLE
WEATHER
YOUR MONEY

A16
C1
D1
C8
A12

VOLUME 136
NUMBER 36

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