Towns and counties would gain an exemption to the spending limits of the cap on property tax increases, for spending that attracts matching-fund grants.
Tax appeals in New Jersey fell for the fourth straight year in 2016, an indication people were less stressed about the value of their homes and the economy.
Democrats say they'll focus on school funding, the top driver of property taxes, though they don't agree on the path forward -- except to oppose Gov. Chris Christie's plan.
The Assembly speaker rejects the Senate president's approach to school funding. That makes three competing options, as Gov. Chris Christie has his own plan.
Gov. Chris Christie said failing, underpopulated schools in urban areas would close under his idea for redistributing school aid so that it’s equal per pupil in every municipality.