SPEAKER OLIVER: ‘A SUCCESSFUL REFORM EFFORT REQUIRES A COMPLETE PROPERTY TAX REVIEW’

Assembly Speaker Sheila Y. Oliver (D-Essex/Passaic) had the following published in Inside Business:

“When I had the honor of becoming the Assembly Speaker in January, I made it clear property tax reform was going to be a top priority. Property taxes are the tax without a conscience. They unfairly hammer those with the lowest incomes hardest and increase year after year after year, and the status quo could no longer remain. As 2010 nears its end, I’m pleased that we continue moving closer to major reforms that will go a long way toward controlling property taxes, benefiting New Jersey residents and businesses alike for years to come. New Jersey’s property tax woes were not created overnight and they won’t be fixed with sound bites and news conferences. Fist-pounding won’t cure New Jersey’s property tax woes. What’s needed is thorough legislation that will actually bring long-term reform…”