“I am proud to support Governor Christie and his bold reforms to bring real property tax relief to families across the state. The Governor is finally addressing the real, underlying causes of New Jersey’s highest-in-the-nation property taxes by giving mayors and school boards the tools to control costs and the flexibility to live within a real cap on property taxes,” said Bound Brook Mayor Carey Pilato. “Mayors across New Jersey should continue standing up in support of Governor Christie’s Cap 2.5 Reform Agenda to comprehensively address our State’s property tax crisis.”
Today’s announcement follows the release of 39 mayors from Bergen, Essex, Hudson, Passaic and Union counties for the Governor’s Reform Agenda, bringing the running total of mayors from around the state supporting the Governor’s reform for real property tax relief to 81, and growing.
Last week, the Governor outlined a sweeping 33-bill reform package to solve New Jersey’s property tax crisis and control spending at every level of government. The centerpiece of the plan is Cap 2.5, a constitutional amendment creating a 2.5 percent cap on property tax increases.
Property taxes have grown an astonishing 70% over the last ten years, resulting in an average annual property tax bill of $7,281 on New Jersey families – the highest rate in the nation. Cap 2.5 will halt the astonishing growth in property taxes while the Christie Reform Agenda will give towns and school boards the tools needed to control spending to make Cap 2.5 both realistic and achievable.