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            "type": "title",
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            "text": "TOWNSHIP OF JACKSON\nNOTES TO FINANCIAL STATEMENTS\nFOR THE YEAR ENDED DECEMBER 31, 2017",
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            "text": "Note 15. Tax Abatements",
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            "text": "The Township is authorized by the New Jersey Housing and Mortgage Financing Act Law of 1983, N.J.S.A. 55:14K-1 et seq. (hereinafter “HMFA Law”), and a Resolution of the Council dated March 13, 2007, to enter into property tax abatement agreements for the purpose of attracting affordable housing. The exemption of the projects from real property taxation subject to this law shall not extend beyond the date on which the Agency Mortgage is paid in full, which according to the HMFA Law, may not exceed fifty (50) years."
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            "text": "For the year ended December 31, 2017, the Township abated property taxes totaling $244,064.60 under this program, including the following tax abatement agreement that exceeded 10 percent of the total, which is the percentage the Township considers to be material for purposes of individual disclosure:"
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            "type": "table",
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                    "bbox": {
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                    "text": "Recipient",
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                {
                    "id": "p74.5.2",
                    "order": 7,
                    "type": "table_cell",
                    "bbox": {
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                    "text": "Purpose",
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                {
                    "id": "p74.5.3",
                    "order": 8,
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                    "bbox": {
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                        "b": 526.378071
                    },
                    "text": "Amount Abated",
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                },
                {
                    "id": "p74.5.4",
                    "order": 9,
                    "type": "table_cell",
                    "bbox": {
                        "l": 415.14,
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                        "r": 469.158575,
                        "b": 526.378071
                    },
                    "text": "Pilot Billings",
                    "attrs": {
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                        "col": 3,
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                        "column_header": true,
                        "header_source": "heuristic"
                    }
                },
                {
                    "id": "p74.5.5",
                    "order": 10,
                    "type": "table_cell",
                    "bbox": {
                        "l": 141,
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                        "r": 241.800263,
                        "b": 497.578071
                    },
                    "text": "Windsor Crescent LLC",
                    "attrs": {
                        "row": 1,
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                },
                {
                    "id": "p74.5.6",
                    "order": 11,
                    "type": "table_cell",
                    "bbox": {
                        "l": 248.400062,
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                    "text": "Affordable Housing",
                    "attrs": {
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                    }
                },
                {
                    "id": "p74.5.7",
                    "order": 12,
                    "type": "table_cell",
                    "bbox": {
                        "l": 356.329231,
                        "t": 507.291141,
                        "r": 405.544812,
                        "b": 497.578071
                    },
                    "text": "$ 244,064.60",
                    "attrs": {
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                        "bbox_refit": true
                    }
                },
                {
                    "id": "p74.5.8",
                    "order": 13,
                    "type": "table_cell",
                    "bbox": {
                        "l": 423.534446,
                        "t": 507.291141,
                        "r": 467.340178,
                        "b": 497.578071
                    },
                    "text": "$75,514.88",
                    "attrs": {
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                        "col": 3,
                        "rowspan": 1,
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                        "bbox_refit": true
                    }
                },
                {
                    "id": "p74.5.9",
                    "order": 14,
                    "type": "table_cell",
                    "bbox": {
                        "l": 139.44,
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                        "r": 222.96,
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                    "text": "",
                    "attrs": {
                        "row": 2,
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                        "colspan": 1
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                },
                {
                    "id": "p74.5.10",
                    "order": 15,
                    "type": "table_cell",
                    "bbox": {
                        "l": 222.96,
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                        "row": 2,
                        "col": 1,
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                },
                {
                    "id": "p74.5.11",
                    "order": 16,
                    "type": "table_cell",
                    "bbox": {
                        "l": 356.33571,
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                    "text": "$ 244,064.60",
                    "attrs": {
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                        "col": 2,
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                        "bbox_refit": true
                    }
                },
                {
                    "id": "p74.5.12",
                    "order": 17,
                    "type": "table_cell",
                    "bbox": {
                        "l": 423.532286,
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                    "text": "$75,514.88",
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        {
            "id": "p74.6",
            "order": 18,
            "type": "heading",
            "bbox": {
                "l": 68.88,
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                "r": 280.08,
                "b": 437.52
            },
            "text": "Note 16. Length of Service Awards Program",
            "attrs": {
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            },
            "level": 3
        },
        {
            "id": "p74.7",
            "order": 19,
            "type": "text",
            "bbox": {
                "l": 68.64,
                "t": 426.96,
                "r": 542.4,
                "b": 387.36
            },
            "text": "The Township’s length of service awards program (“LOSAP”) is reported in the Township’s trust fund Statement of Assets, Liabilities, Reserves and Fund Balance - Regulatory Basis. The LOSAP provides tax deferred income benefits to active volunteer firefighters and emergency medical personnel."
        },
        {
            "id": "p74.8",
            "order": 20,
            "type": "text",
            "bbox": {
                "l": 68.4,
                "t": 376.08,
                "r": 542.88,
                "b": 310.8
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            "text": "The tax deferred income benefits for the active volunteer firefighters and emergency medical personnel serving the residents the of the Township come from contributions made solely by the governing body of the Township, on behalf of those volunteers who meet the criteria of a plan created by that governing body. Participants should refer to the Plan agreement for a more complete description of the Plan’s provisions."
        },
        {
            "id": "p74.9",
            "order": 21,
            "type": "text",
            "bbox": {
                "l": 68.4,
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                "r": 542.88,
                "b": 144.96
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            "text": "Contributions - If an active member meets the year of active service requirement, a length of service awards program must provide a benefit between the minimum contribution of $100 and a maximum contribution of $1,150 per year. While the maximum amount is established by statute, it is subject to periodic increases that are related to the consumer price index (N.J.S.A. 40A:14-185(f)). The Division of Local Government Services of the State of New Jersey will issue the permitted maximum annually. The Township elected to contribute $0.00 for the year ended December 31, 2017 per eligible volunteer, into the Plan, depending on how many years the volunteer has served. During the year ended December 31, 2017, the Township contributed a total of $0.00 to the plan. Participants direct the investment of the contributions into various investment options offered by the Plan. The Township has no authorization to direct investment contributions on behalf of eligible volunteers nor has the ability to purchase or sell investment options offered by the Plan. The types of investment options, and the administering of such investments, rests solely with the plan administrator."
        },
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            "id": "p74.10",
            "order": 22,
            "type": "text",
            "bbox": {
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                "r": 543.12,
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            "text": "Participant Accounts - Each participant’s account is credited with the Township’s contribution and Plan earnings, and charged with administrative expenses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. The Township has placed the amounts deferred, including earnings, in a trust maintained by a third-party administrator for the exclusive benefit of the plan participants and their beneficiaries. Such funds, although subject to the claims of the"
        },
        {
            "id": "p74.11",
            "order": 23,
            "type": "footer",
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            "text": "66",
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                "block_label": "number"
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