Summary
To sweeten the deal further, the treasury sought ways around the business personal property tax that New Jersey levies on some regulated utilities. Verizon pointedly noted that Virginia had no such tax. "We are working on ideas, but have made no commitments," says [John McCormac]. "We never really concerned ourselves with what other states have offered," adds [Daniel Levine]. "We knew that Virginia was being very aggressive; we just put our best foot forward."
See the full content of this document
Extract
Dial 'J' for Jersey
Verizon Communications was still smarting from a New Jersey rate ruling when company executives huddled last October with State Senate President Richard Codey and Treasury Department leaders in Codey's West Orange office. Up for grabs was Verizon's decision on where the $71 billion New York City-based phone company would l...
See the full content of this document
Sponsored links
