No Property Tax Hike Says Governor Murphy to Fix School Aid Problems
"Before middle-class property taxpayers have to again take it on the chin, we should be asking our wealthiest residents to pay their fair share through a millionaire's tax" ~ Governor Phil Murphy
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. Ultimately, more than 100 districts may have been able to take advantage of the legislation over the next 5 years.
According to the bill sponsored by Senate President Steve Sweeney....the largest districts that would have currently qualified for cap relief included Toms River Regional, Old Bridge, Brick, Lakewood, South Brunswick, Hillsborough, Rancocas Valley Regional and Leonia. Freehold Regional and Manalapan-Englishtown Regional are among the largest districts that would qualify in future years.
Toms River and Brick school leaders have talked about closing schools, cutting sports programs or taking other drastic measures to make up for the funding losses.
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