Huge post-Sandy tax increases fail to materialize

Associated Press
Huge post-Sandy tax increases fail to materialize

In this July 5, 2013 photo, rubble from a beachfront home still sits on the sand in Point Pleasant Beach, N.J., as beachgoers spend time closer to the water. A wave of large property tax increases that had been feared in the aftermath of Superstorm Sandy has not materialized thanks to large amounts of federal aid, borrowing by towns, and the use of rainy-day surplus funds. (AP Photo/Wayne Parry)

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