Tax cutsremain the hot topic in Trenton. Governor Chris Christie wants to cut income taxes by 10% for every New Jerseyan. Senate President Steve Sweeneyproposes a 10% property tax cut for some and the Assembly Democratshave a plan they say can provide a 20% property tax cut for those who need it most.
State Senate President Steve Sweeney's property tax cut plan does not include a millionaires' tax increase even though he supports the idea. He knows where Governor Chris Christie stands on the issue of a millionaires' tax hike so Sweeney says including one would be pointless and political.
New Jersey has and will continue to be the butt of property tax jokes for the foreseeable future. And while a bi-partisan effort to cap property taxes has had some success, some New Jersey towns have flipped the script.
Two Garden State towns are holding special elections today to ask voters to allow local officials to raise property taxes more than the 2 percent state cap that's in effect, to be able to pay for essential services like trash collection.
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