Christie Reverses Stand on Tax Increases After Storm. [View all]
Gov. Chris Christie, a Republican who has pushed aggressively for cutting and capping taxes in New Jersey during his three years in office, said Tuesday that people who lived in towns destroyed by Hurricane Sandy were likely to pay higher taxes to help rebuild.
“It’s got to be paid for,” he said. “There’s no magic money tree.”
In a 40-minute news conference in Trenton, Mr. Christie said he expected the federal government to do as much as it had done for victims of Hurricane Katrina on the Gulf Coast to help rebuild New Jersey. And he said that municipalities would be allowed to raise property taxes more than the 2 percent limit that he signed into law in 2010 to cover costs brought on by the storm.
“No one’s ever happy with higher taxes, but the fact is, what annoys people more than anything else is waste,” he said. “As long as they know that the money’s being spent in a way that’s helping to bring their town back to life, I think people will understand it’s got to be done.”
http://www.nytimes.com/2012/11/14/nyregion/chris-christie-reverses-stand-on-tax-hikes-after-storm.html?hp
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