New Jersey Blows Up Its Property Tax Cap

[andhra_jp]

Gov. Phil Murphy makes it easier to raise taxes without voter approval.

After his re-election near-defeat in 2021, New Jersey Gov. Phil Murphy promised no new taxes. Last week he broke that promise by signing legislation that evades the state’s cap on higher property taxes.

The cap limited annual increases to 2%, and it was one of the few protections for Garden State taxpayers against the voracious tax-and-spend demands of the public unions who run Trenton and dictate to Mr. Murphy. Certain school districts will now be able to raise the local property tax by up to 9.9%.

The new law is directed at localities dealing with cuts in state aid. Though it permits the override only for the coming school year, the higher new rate will become the new baseline. Legislators will return soon enough for another override.

No surprise, the biggest cheerleader for overriding the cap was the New Jersey Education Association. The teachers union and its allies see schools as a jobs program. They hate the cap for its 2% limit on tax increases and because it requires voter approval anytime they wanted more. That’s why the law Mr. Murphy signed allows eligible districts to exceed the cap without getting voter approval.

https://www.wsj.com/articles/phil-murphy-new-jersey-property-taxes-jay-webber-feaa8f3a?mod=hp_opin_pos_5#cxrecs_s

 

 

[mustang302]

aa bongulae, kattaka chasthara?elago mana desi gallae gaa undedhi...sachinattu kadatharu...!!