Jefferson residents discuss Lake Swannanoa Dam costs (NJ)

The dam was severely damaged by flooding in 2000. The state authorized a loan of up to $1.2 million for repairs. The actual cost plus interest came to $865.501.07, which comes to a payoff of $7,300 per homeowner over a 20-year period, township Tax Assessor Shawn Hopkins explained.   Read the article……….