Friday, July 9, 2010

Senate approves 2 percent cap on N.J. property tax hikes


Bill passes 35 to 3

BY TOM HESTER SR. NEWJERSEYNEWSROOM.COM

UPDATED

The New Jersey state Senate Thursday voted overwhelmingly in support of bipartisan legislation that sets a 2 percent cap on annual property tax hikes and county and municipal government and school district spending.

The proposal, a compromise involving Republican Gov. Chris Christie and the Democratic-controlled Legislature was approved 35-3. The bill moves to the Assembly.

Meeting in a rare summer and morning session.....full article

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