Home / Local News / LEGISLATIVE 2.9 CAP PASSES LEGISLATURE, CHRISTIE WANTS HIS PROPOSAL HEARD

LEGISLATIVE 2.9 CAP PASSES LEGISLATURE, CHRISTIE WANTS HIS PROPOSAL HEARD

The New Jersey Senate passed the Democrat’s plan of capping property tax increases at 2.9 percent, while creating a number of exceptions for towns. The current cap is phrased similarly, but is set at 4 percent. This means the bill is ready to be signed into law by Gov. Chris Christie, but he is excepted to order lawmakers back to work through July 7 to hear his proposal. Christie plan would cap increases at 2.5 percent with the only exception being debt service, without voter approval. The Governor wants the 2.5 cap to be a constitutional change, which means voters would vote on the measure and if approved, they would have final say if local lawmakers wanted to go over the cap.

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