TRENTON – Senator Jim Whelan, D-Atlantic, a primary sponsor of S-29, legislation which will cap local spending at 2.0 percent of the previous year’s spending levels, issued the following statement today regarding the Governor signing the bill into law:
“The property tax cap bill which was signed into law today represents New Jersey state government’s best attempt to control runaway local property taxes. For far too long, New Jersey residents have had to endure tax increase after tax increase, to the point where many have been driven out of their homes by the high cost of living in the Garden State.