Wednesday, June 16, 2010
Hoboken Mayor Supports Christie's Cap 2.5
Hoboken Mayor Dawn Zimmer talks about New Jersey Governor Chris Christie's proposal to cap property tax increases to no more than 2.5 percent for the state of New Jersey.
More than 200 New Jersey mayors of both political parties have come forward to support Governor Christie's proposed spending cap.
The Christie Reform Agenda takes immediate action to provide real property tax relief by putting power in the hands of the people.
Since 2001, spending at the local level has spiked by 69% from $26.5 billion to an estimated $44.7 billion this year. New Jersey taxpayers bore the brunt of surge in government spending, with property taxes growing an astonishing 70% from 1999 to 2009.
The average New Jersey household now pays $7,281 a year in property taxes - the highest rate in the nation.