Assembly Budget Panel to Hear Budget Overviews & Revenue Forecasts

(TRENTON) – The Assembly Budget Committee will meet Wednesday to hear budget proposal overviews and revenue forecasts from the state treasurer and the Office of Legislative Services.
Discussion is also expected to touch upon the Assembly Democratic plan for a 20 percent property tax relief credit for households with incomes up to $250,000 and a 25 percent property tax relief credit for senior and disabled citizens.
The Office of Legislative Services will testify at 10 a.m.
The state treasurer is schedule to testify at 1 p.m.
The hearing will be held in Committee Room 11 on the 4th Floor of the State House Annex on West State Street in Trenton.
Audio of the hearing will be streamed live at http://www.njleg.state.nj.us/media/live_audio.asp.
“If we want to make New Jersey affordable and competitive, then we must tackle the property tax, and that is our goal with this pro-working family plan,” said Assembly Budget Chairman Vincent Prieto (D-Hudson/Bergen). “Let’s put the focus where it belongs – on New Jersey’s working families. Let’s do the right thing and provide real, reliable and responsible property tax relief.”