Rebates could become budget casualty in N.J.

(AP) - Property tax rebates could become acasualty of New Jersey's sinking economy. Gov. Jon S. Corzine says all options are on the table as hecrafts a 2010 budget, which will be introduced on March

News 12 Staff

Feb 20, 2009, 6:27 PM

Updated 5,622 days ago

Share:

(AP) - Property tax rebates could become acasualty of New Jersey's sinking economy.
Gov. Jon S. Corzine says all options are on the table as hecrafts a 2010 budget, which will be introduced on March 10.
Corzine is looking to close a budget gap estimated at $6billion. Property tax rebates cost the state about $1.7 billion.
Assembly Speaker Joseph Roberts Jr., D-Brooklawn, says cuttingproperty tax relief should be a last resort in New Jersey, whichhas the highest property taxes in the nation.
On Tuesday, the governor proposed a two-day furlough for stateworkers to help close this year's budget deficit. He's warned ofadditional cuts next year, but declined to say specifically whatwould be cut.


More from News 12
Official: 2 children, adult killed in West Orange house fire

Official: 2 children, adult killed in West Orange house fire

1:56
STORM WATCH: Rain showers, humid conditions and possible flooding in New Jersey

STORM WATCH: Rain showers, humid conditions and possible flooding in New Jersey

0:37
Police: Missing Connecticut teenager located in New Jersey

Police: Missing Connecticut teenager located in New Jersey

0:18
Hillsborough police: Man burned in homemade firework explosion

Hillsborough police: Man burned in homemade firework explosion

0:46
Police: Shooting, 2 stabbings reported within 6 hours earlier this week in Atlantic City

Police: Shooting, 2 stabbings reported within 6 hours earlier this week in Atlantic City

0:21
Prosecutor: East Hanover man sentenced to 15 years in prison for killing wife

Prosecutor: East Hanover man sentenced to 15 years in prison for killing wife

1:57
Stop & Shop to close 10 ‘underperforming’ locations across New Jersey

Stop & Shop to close 10 ‘underperforming’ locations across New Jersey

1:45
Police: Driver faces charges for striking man in hit-and-run road rage incident in Fair Lawn

Police: Driver faces charges for striking man in hit-and-run road rage incident in Fair Lawn

1:52
AT&T security breach hits nearly all cellular customers and landline accounts

AT&T security breach hits nearly all cellular customers and landline accounts

1:16
Prosecutor: Bergen County pastor charged with 21 counts of sexual offenses against teen

Prosecutor: Bergen County pastor charged with 21 counts of sexual offenses against teen

3:06
Jury ends first day of deliberations in Sen. Bob Menendez's corruption trial without a verdict

Jury ends first day of deliberations in Sen. Bob Menendez's corruption trial without a verdict

0:33
Jersey Proud: Jamesburg police ‘ticket’ children performing good deeds

Jersey Proud: Jamesburg police ‘ticket’ children performing good deeds

0:47
Point Pleasant Beach officials at odds with company over 5G cell towers

Point Pleasant Beach officials at odds with company over 5G cell towers

1:41
Heavy rain causes flooding in parts of southern New Jersey

Heavy rain causes flooding in parts of southern New Jersey

2:21
Ruptured pipe causes raw sewage to pour into Red Bank storm drains

Ruptured pipe causes raw sewage to pour into Red Bank storm drains

1:59
Coach USA cutting 20 NJ Transit bus routes in North Jersey

Coach USA cutting 20 NJ Transit bus routes in North Jersey

0:32
East Brunswick teen accused of plotting to destroy energy facilities to advance white supremacist views

East Brunswick teen accused of plotting to destroy energy facilities to advance white supremacist views

0:13
Sailor saved from capsized sailboat in Barnegat Bay

Sailor saved from capsized sailboat in Barnegat Bay

0:40
United Airlines flight from Miami to Newark diverted after passenger fights with flight attendant

United Airlines flight from Miami to Newark diverted after passenger fights with flight attendant

0:28
Fairfield police release new surveillance photos of missing 16-year-old

Fairfield police release new surveillance photos of missing 16-year-old