The Abbott and Costello Districts
By law, one-hundred percent of the revenue New Jersey takes in from the state’s income tax may only be spent on “property tax relief”. New Jersey’s Income tax revenue may not be spent for any other purpose and yet, most people do not know how the state will allocate more than $10.5 billion in “property tax relief” this year.
If you don’t live in an Abbott or Costello school district, your district will receive pennies. Of course there is that other form of property tax relief, the rebate. Yes, you’ll be getting your “Fair Homeowner Rebate” all $300-$350 of it and so will the Abbotts and Costellos. Only in Trenton could that be called fair.