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Buono Hails Passage Of 2% Cap As ‘First Broad Stroke’ In Writing Property Tax Reform

Senate Majority Leader Barbara Buono, D-Middlesex, stands with Assembly Speaker Sheila Y. Oliver, D-Essex, Assembly Budget Chairman Louis Greenwald, D-Camden and Senate President Steve Sweeney, D-Gloucester, Cumberland and Salem, to address reporters during a midday news conference, on plans to balance the State budget.

TRENTON – Following this morning’s Senate approval of the two-percent property tax cap compromise, Senate Majority Leader Barbara Buono (D-Middlesex) released the following statement:

“This new cap law is not the final word to be written on reining-in New Jersey’s property taxes, but the first broad stroke in reforming a system that is unfair, unworkable and untenable.

“Property taxpayers won’t be happy with only seeing smaller increases. They want their property taxes to go down.

“Now we need to continue with the momentum from today’s vote and work toward meaningful property tax reform.

“Senate President Sweeney rightly deserved the accolades he received on the floor from both Democrats and Republicans. Without his leadership on this issue, New Jersey’s beleaguered property taxpayers would assuredly have been in for an even hotter, longer summer.”

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