NJ governor proposing spending, labor restrictions
(AP) - Democratic legislative leaders haveproposed taxing Garden State residents who earn $1 million or more. Senate President Stephen Sweeney and Assembly Speaker SheilaOliver say the tax would apply to 16,000 taxpayers.
The lawmakers also want to reinstate property tax rebates forsenior citizens and eliminate a proposed $310 copay for seniors inGov. Chris Christie's budget.
Monday's announcement came just before Christie unveiled apackage of proposals aimed at easing property taxes.
Christie's proposed reforms include putting a permanent 2.5percent limit on annual raises for public workers and forbiddingproperty tax increases of more than 2.5 percent without voterapproval.
The Republican also wants local governments be able to discardsome civil service employment rules, raise the state retirement ageto 65 from 62.