Passaic County Improvement Authority (PCIA) was created in December 2002 by the Chosen Board of Freeholders: the “purposes and powers of a county improvement authority may be used to enhance the financial soundness of the county and the health, safety and welfare, and the quality of life of the residents of Passaic County through development and redevelopment of public facilities in the county and the undertaking of projects through the county improvement authority." The Passaic County Improvement Authority serves as a multi-purpose governmental body charged with financing and planning public improvements such as schools, court houses, housing developments, infrastructure projects, roadway construction, and more.
By finding new and innovative ways to finance projects, the PCIA can provide cost-effective methods of funding projects while simultaneously saving taxpayer dollars. By using the county's Aa2 credit rating, local partners such as municipal school districts and governments can spend fewer dollars on projects, reducing the overall tax burden of the citizenry and mitigating potential tax spikes.The PCIA can act as a partner in economic development and provide financial assistance to local governments, school districts, nonprofit corporations, and private entities whose projects meet the necessary requirements.
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