property taxes

Shared services to reduce spending is seen as one way to relieve some of the pressure on New Jersey's tops-in-the-nation property tax bills.

An effort is underway to possibly hire researchers from Rutgers University to study how to reduce property taxes.

Bill would let local governments borrow up to 30% of their budget and repay it over 10 years without needing permission from local voters or the state.

Property tax collections declined slightly in May, when mortgage escrows paid the bills. The pattern could be different in the second half of 2020.

In a party-line vote, Assembly approves plan to patch over steep declines in government revenues by borrowing billions of dollars to pay current expenses.

In a party-line vote, an Assembly panel voted to let counties and municipalities sell ‘coronavirus relief bonds’ to navigate the pandemic's financial fallout.

With property tax payments lagging and other revenues plunging due to coronavirus shutdowns, mayors endorse $500B in proposed federal aid for governments.

If Murphy borrows billions, NJ's least favorite taxes could rise

The coronavirus pandemic has wrecked state finances. Similar stresses, though not as severe, are faced by local governments.

The Murphy administration shifts appropriated funds into reserve, girding for the upheaval to the state budget anticipated due to the novel coronavirus.