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The Boston Globe

Nation

Communities recovering from Sandy find tax hike fears unfounded

MANTOLOKING, N.J. — With all the fears that Hurricane Sandy created, here’s one that never materialized: huge tax increases to make up for property destroyed along the coastlines of New Jersey, New York, and Connecticut.

Waves of federal aid, some strategic borrowing, lowered property values, and surplus accounts helped many shore communities avoid having to raise taxes drastically to compensate for lost tax revenue.

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