TRENTON – Senator Shirley K. Turner today said the enactment of her bill, S-2808, by Governor Corzine is “good news for Princeton taxpayers” because it removes a property tax exemption for the private Cottage Club.
“Princeton taxpayers will no longer have to subsidize an elitist and private eating club,” said Senator Turner, D-Mercer. “This is definitely a victory for local taxpayers.”
TRENTON – Both the Senate and Assembly approved legislation today sponsored by Senate Shirley K. Turner that would require all historic sites granted property tax exemptions after 1999, including Princeton’s Cottage Club, to follow current requirements in order to keep that exemption.
“Every time the State grants a property tax exemption, it places a further burden on the other property owners in that town,” said Senator Turner, D-Mercer. “The privilege of being exempt from a community’s financial obligations must be balanced with increased participation in the community’s cultural and educational well-being. To do anything less is abusing the system.”
TRENTON – The Senate Budget and Appropriations Committee today approved legislation sponsored by Senate Shirley K. Turner that would require all historic sites granted property tax exemptions after 1999, including Princeton’s Cottage Club, to follow current requirements in order to keep that exemption.
“When we passed the reforms to the tax exemption in 2004, we didn’t want to place an additional burden on those sites that had been legitimately serving their communities for years. At the same time, those new requirements were meant to go into effect moving forward so that no one else could abuse the exemption and get a free ride,” said Senator Turner.