Property Taxes News: Senate President Calls for Millionaire's Tax to Help Close State Pension Gap

Property Taxes News: Senate President Calls for Millionaire’s Tax to Help Close State Pension Gap

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Credit: Newsworks
State Senate President Stephen Sweeney (D-Gloucester)

Last month’s court ruling calling on Gov. Chris Christie and lawmakers to come up with another $1.6 billion in funding for the public-employee pension system before the current fiscal year ends has renewed debate about whether millionaires in New Jersey should be asked to pay more to keep the state budget balanced.

Post author By Rosy
Post date March 8, 2015

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Assembly Speaker Vince Prieto (D-Hudson) said though income tax revenue is generally dedicated in New Jersey’s budget to property–tax relief, he’s …

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Credit: Newsworks

State Senate President Stephen Sweeney (D-Gloucester)

Last month’s court ruling calling on Gov. Chris Christie and lawmakers to come up with another $1.6 billion in funding for the public-employee pension system before the current fiscal year ends has renewed debate about whether millionaires in New Jersey should be asked to pay more to keep the state budget balanced.

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first published: 2015-03-08 05:26:15[otw_is sidebar=otw-sidebar-11]