S2062

TRENTON – A bill sponsored by Senators Brian P. Stack and Sandra Bolden Cunningham which would establish a 21-day grace period for property tax installment payments for seniors on fixed incomes was approved by the Senate today by a vote of 37-0.

“Even in strong economic times, seniors on fixed incomes have a hard time meeting the State’s high cost of living, especially soaring property taxes,” said Senator Stack, D-Hudson. “This measure is intended to give our senior homeowners a little flexibility in budgeting their limited incomes to pay their health care expenses, energy bills and all the other cost drivers associated with living in the Garden State. Seniors shouldn’t have to face financial penalties – in addition to the other costs of living in New Jersey – for being a few days late in paying their property taxes.”

TRENTON – A bill sponsored by Senators Brian P. Stack and Sandra Bolden Cunningham which would establish a 21-day grace period for property tax installment payments for seniors on fixed incomes was unanimously approved by the Senate Community and Urban Affairs Committee today.

“As our economic forecast turns from bad to worse, seniors on fixed incomes are being squeezed by the high cost of living in New Jersey – particularly high property taxes,” said Senator Stack, D-Hudson. “While many of these seniors are struggling to stay ahead of their bills, it can be difficult to impossible to pay every bill before the due date on limited income. This bill recognizes the hardships in our current economy, and grants seniors who need it most immunity from late-penalties on their property taxes.”