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Corzine's Video Message Focuses on Controlling Property Taxes

Government | 5 weeks 1 day ago | Comments 5

By Herald Staff

TRENTON - Governor Jon S. Corzine Nov. 27 released a video message to the people New Jersey detailing his request that the legislature allow local governments to defer 50 percent of their current pension contributions in order to avoid double digit property tax increases that some local governments have already planned.

The deferral will ease local governments budget by approximately $540 million during this time of economic crisis. The governor made clear that any savings from this deferral must be used to stave off property tax increases and that the long term health of the pension fund is sound.

Print | Email Updated 5 weeks 17 hours ago
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Mon, 12/01/2008 - 2:27pm

If the State can take action to enforce the 4% cap, no further action is required. We would not have to fool with the pension payments, only to have it come back to bite us with a vengance in 2010. Governor, please start acting like a governor and seek legislation that will either force cities like Wildwood to either merge services with surronding municipalities, or make whatever staff reductions are required to maintain the 4% cap.It does't take a rocket scientist to solve this problem. Esto vir (Be a Man) and stop acting like a "Girly- Governor" as Arnold would say. Maybe it is time for a State investigation of Wildwood. Their income from property taxes has not only increased greatly since the turn of this century, but also geometrically with reevaluation and the conversion of old houses paying two to three thousand dollars in property taxes to two condos paying twelve to fourteen thousand dollars for the same property. This has occurred hundreds and hundreds an hundreds of times in Wildwood. Please investigate where this money has gone and help the homeowners of Wildwood by either removing the current administration, or at least suspending their decision making and appointing a monitor who will choose one of the above mentioned solutions, 4% cap, or merging with other municipalities. Thank you for your anticipated assistance.

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Mon, 12/01/2008 - 7:12am

"Some towns are facing double digit increases". Well, that's the problem that needs to be addressed. Towns need to stay within their 4% cap and eliminate the excessive borrowing, debt and other causes of overspending. This is the first year most towns have to really look at what they spend, because their surpluses are depleted and they have the cap. Let them work it out and don't try the "shell game" of delaying pension payments again. We are still suffering from the first time our Govenor "played with the pension funds". Leave them alone.
Fix the real problem, overspending.

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Sun, 11/30/2008 - 9:13pm

Corzine's Plan is PURE BU!!SH!T....it's a temporary fix that will bite us in the A$$ two or three years down the line!

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Sun, 11/30/2008 - 11:34am

Here we go again! Back when Gov. Whittman was around she did the same thing. If you have common sense you would understand that we will pay 4x the amount later. Make sure your towns pay their share now, not 4x later.

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Sun, 11/30/2008 - 11:13am

Could you start in Wildwood Governor Corzine?

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