VIEWS: 7 PAGES: 2 CATEGORY: Business & Economics POSTED ON: 7/15/2010
Senate President Stephen Sweeney (D-West Deptford) last week unveiled a plan that calls for a 2.9 percent limit on property tax increases, but would exclude pension and health care costs, among others.
oPinion Our Point of view Porous cap ® can’t solve June 28, 2010 How to Reach Us a tax crisis Mailing address njbiz, 220 Davidson Ave, Suite 302 Somerset, NJ 08873 Phone (732) 246-7677 sTaTehouse CaFeTeria Fax: editorial (732) 249-8886 Fax: advertising (732) 249-8952 workers should check legislative Fax: oPerations (732) 846-0421 hat racks if they find a colander subscriPtions (866) 288-7699 rePrints For article reprints, please missing — lawmakers have con- contact our reprint coordinator at fused it for a property-tax cap. Wright’s Reprints: 1-877-652-5295. For photos, please see www.njbiz.com/photos We were pleased when Chris Christie introduced his PubliSheR plan to put forth a constitutional thomas F. curtin firstname.lastname@example.org amendment that would put a ADvERTising hard 2.5 percent cap on prop- DiReCTOR OF SAleS erty tax increases. if adopted, Mark cialdella email@example.com any amount above that number SeNiOR ACCOuNT exeCuTive would need voter approval. Penelope spencer firstname.lastname@example.org That’s great news for busi- ACCOuNT exeCuTiveS susan alexander email@example.com nesses, which would welcome any ryan boyd firstname.lastname@example.org measures that rein in the onerous samantha d’amore email@example.com tax that’s among the highest paid craig Fallon firstname.lastname@example.org joe Malone email@example.com in the nation. an observer might think residents would be excited EDiTORiAL about this, too; new Jerseyans, eDiTOR though, are spoiled by “services” sharon Waters firstname.lastname@example.org like expensive beach badges and DePuTY eDiTOR - NeWS joe st. arney email@example.com pothole-strewn roads, and are in Adding competition could be DePuTY eDiTOR & RePORTeR some cases protesting the gover- beth Fitzgerald firstname.lastname@example.org nor’s plan to put them in greater Nonprofits/health Care/Retail control of local spending. COPY eDiTOR That’s given the Legislature Meghan shapiro email@example.com a boon to public investments the courage to advance another STAFF WRiTeRS Finance/Accounting/law version of the colander-like soft Martin c. daks firstname.lastname@example.org cap Jon Corzine made officials Trenton bureau/Sports and entertainment wear a couple years ago. sen- andrew Kitchenman
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