Lawmakers convened in Atlantic City Wednesday at the annual League of Municipalities conference to hear recommendations on fixing the NJ property tax crisis.
Special property tax committees came up with 98 recommendations for property tax reform. Those who weren?t on the committees, including many NJ mayors, are still digesting the hundreds of pages in the report. Democratic Assembly Speaker Joseph Roberts says the proposed reforms could dramatically change the landscape of how services and public education are provided.
One recommendation includes an average 20 percent tax credit to families who make less than $200,000 a year. Another recommendation calls for consolidating school districts and towns. However, some lawmakers feel that idea won?t get approved on a local level. Meanwhile, many leaders have expressed concerns over ways to pay for the proposed reforms.