"Knowledge will forever govern ignorance

 and a people who mean to be their own governors

 must arm themselves with the power which knowledge gives."

Wednesday, January 31, 2007

NJ Property Tax Relief – Where Have We Heard That Before?

Assembly Approves Tax-relief Measure was the headline on January 30, 2007

Despite Republican criticism that it was a rush job in an election year, the state Assembly yesterday overwhelmingly approved a bill that would give most households a 20 percent tax credit and impose a 4 percent cap on local tax increases.
Property Tax Relief Plan Wins Approval was the headline on June 22, 2004.

Legislators yesterday approved Gov. James E. McGreevey's property tax relief plan that combines bigger rebate checks - paid for by higher income taxes on the wealthy - with caps on school and local government spending [2.5 percent] and a constitutional convention to revamp the funding of schools, counties and municipalities.

Many Republicans blasted the plan as a shell game intended to boost McGreevey's poll numbers but delaying work on the state's property tax problems. Democrats contend it fairly provides tax relief now and creates a framework for systemic change later.
Maybe the Republicans have a point. We’re beginning to see a pattern here.

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7 Comments:

At 7:09 PM, Anonymous Bob said...

When is it fair to begin questioning whether or not Corzine is a leader of substance?

He has been provided a pass his first year. Isn't it time to expect results?

"Let's make history!" appears to be as hollow as his administration.

 
At 8:33 PM, Anonymous njcons said...

It's like dejavu all over again.

 
At 9:16 AM, Blogger starry1 said...

The Republicans were proved right in 2004 - it was a shell game to boost that adulterer's image. Cause when Corzine came to office look what he was forced to do in order to balance the budget. Good thing he's such a strong leader (not)....

......counting the minutes until I can leave NJ

 
At 8:16 AM, Anonymous Anonymous said...

Can anyone explain the tax relief to me if we were to get 20%? If I currently pay 10k, would that mean I pay 8k? I have had someone mention that you will ONLY receive the 20% dicount on the state portion of you tax bill. Is this true? If so, the cut is meaningless to me becasue it would only save like 200 a year. The school taxes are the big one on my bill.

 
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