Assembly spars over taxes as up to $14B in borrowing advances
In a party-line vote, Assembly approves plan to patch over steep declines in government revenues by borrowing billions of dollars to pay current expenses.
Property Taxes
NJ looks to let towns borrow big to patch coronavirus deficits
In a party-line vote, an Assembly panel voted to let counties and municipalities sell ‘coronavirus relief bonds’ to navigate the pandemic's financial fallout.
NJ mayors say $500B fund for states and towns a needed lifeline
With property tax payments lagging and other revenues plunging due to coronavirus shutdowns, mayors endorse $500B in proposed federal aid for governments.
Governor Murphy extends property tax grace period to June 1
On Tuesday, Governor Murphy signed Executive Order Number 130 which will allow municipalities to extend the grace period for property tax payments due on May 1 to June 1 which certainly provides some breathing room for homeowners struggling in a struggling economy during the pandemic.
State tells Brick council they can’t extend property tax grace period 30 days
The State of New Jersey has thrown a yellow penalty flag on the Brick Township sidelines after the council passed a resolution earlier this month to extend the property tax grace period by 30-days.
Brick Mayor & Council providing some relief to property owners
A resolution was passed at the council meeting this week that will provide a 30-day grace period to property tax owners for a delinquent second quarter tax payment.
Local governments face financial crunch from coronavirus
The coronavirus pandemic has wrecked state finances. Similar stresses, though not as severe, are faced by local governments.
NJ freezes $920M in spending, including property tax credits
The Murphy administration shifts appropriated funds into reserve, girding for the upheaval to the state budget anticipated due to the novel coronavirus.
New Jersey Has Highest Property Taxes in America, Oh Really?
New Jersey Has Highest Property Taxes in America, Oh Really? New Jersey has the highest property taxes in the Nation ..... according to a new survey from Wallethub. Now this news may be something we know to be true here in Jersey, but maybe not in other parts of America.
No Property Tax Hike Says Governor Murphy to Fix School Aid Issue
No Property Tax Hike Says Governor Murphy to Fix School Aid Problems .... It appears a hike in property taxes in New Jersey to fix school aid problems won't be happening. Governor Murphy (according to a recent Patch article) vetoed a measure that would have allowed as many as 40 school districts in New Jersey to immediately raise taxes to make up for school funding losses.