McKEON, BARNES & BURZICHELLI ON CAPPING PROPERTY TAXES AT 2 PERCENT ANNUALLY

(TRENTON) – Assemblymen John McKeon, John Burzichelli and Peter Barnes on Monday said the newly approved plan to cap property tax increases at 2 percent annually is a strong step, but emphasized more needs to be done.

McKeon, Barnes and Burzichelli sponsored the Assembly’s initial cap legislation (A-3065). The Assembly voted 73-4 on Monday to approve a revised version.

“This plan is far removed from what the governor first sought, and is a victory for those favoring a flexible cap that could both control property taxes and allow local governments and schools to continue to function,” said McKeon (D-Essex). “But that doesn’t mean it’s a perfect plan. Without an exemption for special education costs, for instance, this plan will be hurtful and destructive to all the good things we’ve done to help children with special needs.”

“New Jersey residents have for too long been looking for relief, and this plan is a key step in the right direction to answering their plea,” said Barnes (D-Middlesex). “This plan builds on the work and ideas of many of my Assembly Democratic colleagues and provides a framework for further reform that’s needed to benefit taxpayers.”

“We’ve come a long way to get to this point and this is a far different plan than the governor first demanded, “said Burzichelli (D-Gloucester/Salem/Cumberland). “The people we represent desperately need real tax relief, so we will continue working to refine this plan and push forward other concepts in the months ahead.”

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