NJ property tax increase could be capped

Republican leaders in the New Jersey Assembly say they’ll push for a vote on Monday on a proposed constitutional amendment to cap property tax increases at two and a half percent.

Assembly minority leader Alex DeCroce says the proposed amendment needs legislative approval by July 8th to get it on the November ballot for voters to consider.

DeCroce:
Taxpayers deserve a say in how their hard earned dollars should be spent. We will do everything in our power to attempt to make these resolutions appear on November’s ballot.

The property tax cap is aimed at limiting state and local government spending. Democrats who control the Assembly say they’re willing to consider reform proposals but will not be rushed to act on them while efforts are being made to get a new budget in place by the end of the month deadline.