Now that the budget has passed, the property tax cap is the next big target. I am sure Christie will get what he wants, or darn close to what he wants.
In California the property tax goes up by 2% every year.
“The deal allows towns and school districts to exempt costs they cannot control, like health care and pension costs.”
Property taxes are a tricky matter, as there are 2 factors, the assessment and the millage rate.
You can limit the millage, but its all for naught if the taxing authority just orders a reassessment of the properties.
Gov. Christie is a pretty sharp character from what I’ve seen, but this will be a tough cap to really get in place and be effective.
he was looking for 2.5, so not a bad day, but it’s still high.
Even though I didn’t vote for him in the primary I support what he is trying to do...but a 2% cap on property taxes is a 3 card monte slight of hand...if assessments rise you can still get higher taxes...but even if it stays at 2% THAT IS STILL TOO DAMN HIGH...my tax bill last year was over $9000 for a 3 BR rancher !!
Good news for NJ ping.
ML/NJ
The ads were disgusting propaganda, accusing Christie of wanting to hurt children, police, and firefighters.
In NJ we have teachers who contribute basically nothing to their own damn heath care. Their salaries have risen to out of control increases, and the pension burden on NJ taxpayers is astronomical. If you talk to teachers or public employees, they speak of some mythical "the government didn't contribute money to pensions it should have' garbage - while they ignore the real numbers about how they have bled the NJ taxpayers dry.
Property taxes in NJ have risen by over 100% since the 1980's, and by 70% in just the last ten years.
I think the only solution is dissolve all state pensions, and start from scratch.