Gov. Phil Murphy proposed a $40.9 billion budget that raises taxes on millionaires, cigarettes and guns while setting aside a record amount of money for NJ Transit — but he helps pay for that by diverting money from other accounts, moves he has denounced as budget gimmickry.
And he boasted that "no other administration has done so much in its first two years to control property taxes," a claim his predecessors would likely challenge. The late Brendan Byrne enacted the income tax, which must by law go solely to property tax relief. Jim McGreevey sent taxpayers rebates. Chris Christie signed a 2% cap on annual property tax increases.
Murphy hailed his overseeing the lowest and fourth-lowest year-over-year increases in property taxes on record, but despite that slow growth New Jersey's average of $8,767 ranks No. 1 nationwide.
Watch the rest of the Democratic States to follow. Just a thought.
No comments:
Post a Comment