SPEAKER OLIVER: ASSEMBLY TO VOTE MONDAY ON 2% CAP PLAN

(TRENTON) — Assembly Speaker Sheila Y. Oliver (D-Essex/Passaic) on Thursday announced the Assembly will vote Monday to give final approval to the plan to cap property tax increases at 2 percent annually.

The session is scheduled for 10 a.m. Monday in the Assembly Chambers.

The cap bill is the only measure on the agenda.

“We know that the residents of this state want to see tighter restraints put on their property taxes, but we also know our work is far from finished,” Oliver said. “This will be a strong step, but concerns about how schools will fit the costs of special education services so vital to many children are among the many areas that will need to addressed going forward.”

Oliver said the Assembly will also continue on the plan she outlined on June 28 to spend the summer considering nearly three dozen property tax reform ideas.

“This will be an extensive effort to properly analyze reforms put forth by Democrats and Republicans and develop a real plan of action to bring relief to taxpayers,” Oliver said. “This is going to be a thorough review that brings smart reform to New Jersey.”

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