Corzine: Don’t Count On Property Tax Cuts
"Corzine says he supports a recommendation by Democratic lawmakers to change annual rebate checks into direct property tax credits. But the governor tells the League of Municipalities, relief is constrained by resources.Corzine says providing relief and then retreating in a year or two because there's not enough money is not acceptable."
"Corzine said the state should put more incentives and penalties behind an effort to consolidate towns and schools and reiterated a call for a 4 percent cap on property tax hikes."
We’ll have more on property tax reform tomorrow.