Oliver: Revenue Shortfall Requires Responsible Steps Forward

Notes Assembly Dem Prop Tax Relief Plan Built on Strong Foundation

(TRENTON) – Assembly Speaker Sheila Y. Oliver (D-Essex/Passaic) released the following statement Tuesday on Christie administration revenue figures that show a $230.3 million shortfall for this fiscal year:

“These numbers are cause for concern, especially for middle-class families, women and seniors who have already suffered major cuts under Gov. Christie. They also don’t bode well for the projections made for next fiscal year, so those will bear close watching.
“We must move forward responsibly, and that means doing so with a reliable property tax relief plan premised on economic fairness and significant help for the middle-class and senior and disabled citizens.
“The Assembly Democratic plan to provide a 20 percent property tax relief credit to the middle-class and a 25 percent property tax relief credit for seniors is built on a strong foundation and is the responsible plan going forward.”