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Study finds majority of N.J. municipalities raised local tax levies by 5 percent or more

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prodigals0n Donating Member (174 posts) Send PM | Profile | Ignore Mon Jan-03-11 11:32 PM
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Study finds majority of N.J. municipalities raised local tax levies by 5 percent or more
This in the state with the highest property taxes in the nation, while essential services, property tax rebates for seniors, education, EVERYTHING in this state has been cut to the BONE by Chris Christie.

And as New Jersey millionaires got a gift from Chris Christie -- A TAX BREAK!

You idiots who voted for Christie obviously wanted a clueless moron, and you got one. Unfortunately, so did the rest of us.

HOW THE HELL DO TAXES KEEP GOING UP WHEN EVERYTHING HAS BEEN CUT?

Study finds majority of N.J. municipalities raised local tax levies by 5 percent or more

Published: Sunday, January 02, 2011, 6:29 AM Updated: Sunday, January 02, 2011, 2:46 PM
By Star-Ledger Staff

"It was a rough year in South Amboy.

Pension costs rocketed even as revenues dropped. The state took back $400,000 in energy taxes. They couldnt work out an $800,000 land sale. So municipal taxes jumped 13 percent.

It was much the same all across New Jersey. The New Years resolution of 2010 may have been fiscal restraint, but according to data compiled by The Star-Ledger, it was a hard vow to keep as local taxes crept higher and higher. And that spells big trouble, many believe, for 2011 when the state clamps down on local spending increases.

The Star-Ledgers findings show that most towns are not prepared for the states new 2 percent ceiling on local tax levies, said William Dressel, the executive director of the New Jersey League of Municipalities.

"On Jan. 1, most town officials, rather than popping the champagne, will be popping the Advil," Dressel said last week. "Theyre looking at a very bleak 2011 given all these realities."


Read the full article at this link:
http://www.nj.com/news/index.ssf/2011/01/taxes_new_jers...
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