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Property Taxes

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

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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Summary of the Article

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

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Article

sweeney

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-2][otw_is sidebar=otw-sidebar-11][otw_is sidebar=otw-sidebar-3][otw_is sidebar=otw-sidebar-5]