Gov. Christie pledges spending reforms
Gov. Chris Christie has set his sights on lowering property taxes during his first term as governor.
Appearing on New Jersey 101.5 (WKXW-FM) last night, the governor said spending reforms are needed to reign in property taxes averaging $7,300.
Gov. Christie has proposed a local spending and tax increase cap of 2.5 percent, a measure he would like to appear on the November ballots. If lawmakers agree to put the question to voters and it's approved, municipal and school budgets could exceed the cap only if voters approve the extra spending.
Christie says a hard cap will impose discipline on the state's runaway spending. The governor also wants to reform negotiations between towns and union workers.
AP wires contributed to this report.