GREENWALD: PROPERTY TAX CAP A GOOD CONCEPT BUT NEEDS THOROUGH ANALYSIS

(TRENTON) – Assembly Budget Chairman Lou Greenwald (D-Camden) released the following statement Wednesday after the Assembly Budget Committee heard testimony on Gov. Chris Christie’s budget plan from the state Department of Community Affairs:

“The administration seems very unfamiliar with the experience of Massachusetts and its 2.5 percent cap on property taxes. That should be a great worry to all New Jerseyans. “I personally am very interested in a cap on property taxes, but we also must fully understand what we’re doing.

“We need to understand that Massachusetts increased state aid with its cap, while Gov. Christie is proposing a drastic cut.

“We need to understand that the cap in Massachusetts has helped lead to a growing disparity between wealthy and poor communities.

“Most of all, we need to work in a bipartisan fashion to solve these problems, even when the questions are tough.”


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