Prieto: Budget Worries Persists as Christie Still Cannot Afford Tax Cut Already on the Books

(TRENTON) – Assembly Budget Chairman Vincent Prieto (D-Hudson/Bergen) released the following statement Tuesday after the committee received a final revenue update:

“New Jersey has still not come close to returning to fiscally sound footing after more than three years of Christie budget policies that benefited the rich over the middle-class and poor.
“In fact, Gov. Christie still cannot afford the property tax credit/rebate program that currently exists, let alone fund a new one.
“Election year pandering by Gov. Christie and Republicans while the middle-class and senior citizens endure delayed property tax relief amid a nearly 20 percent net property tax increase is shameful.
“Democrats want to provide more tax relief, but want to do so responsibly. That’s why Democrats put forth a plan to provide middle-class property tax relief while closing the tax break Gov. Christie has protected for millionaires. Unfortunately, Gov. Christie and Republicans opposed it, and senior citizens and middle-class taxpayers continue to suffer.”