NJ lawmakers look to curb property taxes

(AP) - The Assembly budget committee isconsidering legislation that would lower New Jerseys property taxcap levy.

The proposal would limit annual property tax growth to 2.9percent. The current cap is 4 percent.

New Jersey League of Municipalities executive director BillDressel says he can't support a tighter cap unless arbitrationawards and other personnel costs are also limited.

Gov. Chris Christie wants a 2.5 percent cap written into thestate constitution that would require voter approval. Christie'scap could be exceeded only by the approval of two-thirds of voters.

The Senate budget committee advanced the 2.9 percent capproposal earlier this week. No hearings have been scheduled onChristies proposal.

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