TRENTON – In remarks during the Senate Budget and Appropriations Committee meeting today, Senator Anthony Bucco, R-Morris, indicated support for a deliberative process in studying and advancing property tax reform for New Jersey residents. Senator Bucco’s remarks bring him in line with Senate Democrats who believe that we have to study the issue carefully instead of enacting hasty reform:
If you review the archived audio footage on the New Jersey Legislature’s Web page (http://www.njleg.state.nj.us), Senator Bucco made the following remarks at about 8 minutes, 43 seconds in:
“I think there is room for negotiations into how we implement the cap, whether we eliminate some of the things or add onto some of the things that are being proposed. I think that’s what this Budget Committee is going to be about all summer…”
Also, at the end of the hearing, Senator Bucco made the following remarks, at around 1 hour, 9 minutes and 41 seconds in:
“We passed the bill for 2.9, the Senate President’s compromise bill that he had put in, and we know that the Governor is going to CV that, and I think that the sooner we can come to an understanding and a bill that we can support with the CV, I think this is very important.
“Again, it’s not going to help this year, but the sooner we do it, I think the better off all of us will be in making sure that we move forward with the other proposals.”
Senate President Stephen M. Sweeney, D-Gloucester, Cumberland and Salem, made the following statement upon reviewing Senator Bucco’s remarks:
“We appreciate Senator Bucco’s admission that there is no need to rush a very important, and very necessary, property tax reform package which could have unintended consequences. We look forward to a deliberative, thorough vetting of all the issues, and a property tax plan which will make New Jersey affordable beginning in the next tax year.”