Christie lays out property tax reform

PARAMUS - Gov. Chris Christie (R-N.J.) laid out hundreds of millions of dollars in savings thanks to his pension and benefits reforms at a news conference today at Paramus Borough Hall.

At the news conference, the governor said mayors and county executives have been asking for years for the tools to cut property taxes. The governor said his recent reforms will not only mean millions of dollars in savings this year, but eventually billions of dollars in no-longer-needed payments for things such as public worker pensions.

Christie said voters need to let local politicians know that they want the reduced costs to turn into property tax relief. The local laws do not require the towns to put the money they save from reduced costs into property tax relief.

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