Assembly Approves Sending Energy Tax Money to Towns
New Jersey’s Assembly has approved a bill being pushed by mayors across the state to distribute to the towns $66 million in energy tax revenues.
The state has been withholding the money, which utility companies pay to locate power lines and other infrastructure in communities.
Last week, local officials told lawmakers that they could hold down property taxes if the state would distribute the money.
The Assembly passed the bill Monday by a 52-14 vote with three abstentions. The Senate is expected to vote on it Thursday.
(Copyright 2012 by The Associated Press. All Rights Reserved.)