Property Tax Rebates In Jeopardy
Least you think we are willing to give up the tiny bit of relief taxpayers enjoy, more than likely rebates this year will be greatly reduced or nonexistent according to this Star-Ledger report.
Acting Gov. Richard Codey said yesterday the state's looming budget deficit could force him to slash property tax rebates, just one year after lawmakers boosted them by raising the income tax on New Jersey's richer residents.
In an hour-long interview with the editorial board of The Star-Ledger, Codey said middle-class homeowners who were eligible last year for a maximum $800 rebate may end up with checks of $300 or less. He said seniors and disabled people would see their maximum rebate drop from $1,200 to $800. The acting governor will propose his budget March 1.