TRENTON – Legislation sponsored by Senate Majority Leader Loretta Weinberg and Senate Health Chairman Joseph F. Vitale to update, expand…
TRENTON – Five bills that would comprise part of the property tax “tool kit” to help local governments deal with new fiscal realities under the recently enacted two-percent property tax cap law were today passed by the Senate.
“The new cap on its own is not the end-all and be-all of our efforts to help New Jersey’s long-beleaguered property taxpayers,” said Senate President Stephen M. Sweeney (D-Gloucester/Cumberland/Salem), who sponsored the new cap law. “County governments, town councils and school boards all need the flexibility to ensure the cap works. These reforms will help officials deal with life under the new cap and help taxpayers who want to see nothing more than an end to this vicious cycle of out-of-control taxes.”