Lawmaker has plan to slash property taxes
Assemblyman Reed Gusciora (D-Princeton) is pushing for a vote he says would cut New Jersey property taxes by 25 percent.
Gusciora wants New Jersey residents to vote on a constitutional amendment to cut the tax. The rollback would likely cause local budget shortfalls, but the amendment would give the Legislature two years to pay towns back for those losses.
"Property taxes are unsustainable in this state," says Gusciora.
The assemblyman says his plan would work "hand in hand" with Gov. Chris Christie's proposal to cap annual tax levies.