The Morris County Improvement Authority has launched a Web site designed to make it easier for county residents to learn about the authority and how the agency is able to help towns and school districts fund critical projects while saving money for taxpayers.
The Web site, www.morriscountyimprovementauthority.org, contains information ranging from the benefits of using the MCIA to success stories from entities that have saved money by having the authority finance their projects.
Under state law, improvement authorities have more flexibility in financing and issuing bonds.
“Since the improvement authority was established in 2002, it is estimated that $9.7 million in tax savings has been realized for the entities that have used it,” said Morris County Freeholder John Inglesino. “The new Web site will show other towns and school districts how simple it is to use the authority to finance critical construction projects and lease or purchase capital equipment and save tax dollars at the same time.”
Entities that have successfully used the MCIA include the communities of Butler, Denville, Morris Plains, Morris Township, Morristown, Roxbury, Brick Township and the County of Morris as well as the Educational Services Commission and the Boonton, Chester Township, Denville, Jefferson, Morris Hills Regional, Mount Olive, Parsippany, Roxbury and Washington Township school districts.
The improvement authority’s Web site was designed by the Morris Internet Group of Parsippany.
The Web site may also be accessed from the official Morris County government site, www.co.morris.nj.us.