(TRENTON) — Assembly Appropriations Committee Chair John J. Burzichelli (D-Gloucester) issued a multimedia package Tuesday discussing the need to provide property tax relief to New Jersey residents as opposed to the income tax plan floated by Gov. Chris Christie that would only benefit the very wealthy.
The multimedia package consists of a video of Burzichelli discussing the need for property tax relief and audio and a transcript of same.
The audio file is available upon request.
A transcript of Burzichelli’s comments is appended below:
Assemblyman John J. Burzichelli (D-Gloucester), Assembly Appropriations Committee Chair:
“As we wade into this budget, what resources we have, its gotta go to property tax relief because that’s a bill that comes every month to every household and can be a great burden on people.
“The governor has focused on the income tax. That benefits the very wealthy, because New Jersey’s income tax is a progressive tax — the more you make, the more you pay. So, working in the environment of the income tax only benefits the wealthy.
“But every family in New Jersey that’s a homeowner – every renter – is affected by property tax because a portion of the rent you pay is property tax. In your house, the portion that you pay on a monthly basis to the bank, generally it’s escrowed to property taxes.
“Gotta get the property taxes down. That’ll reduce people’s burden each month. That’ll let them have a little more money to spend on their family, that’ll help the economy. It’s the right priority.”