STATE BUDGET SUMMIT

Tuesday, May 20, 2008
Patriots Theater at the War Memorial
West Lafayette Street
George Washington Ballroom
Trenton, New Jersey

WHAT NOW? NEXT STEPS TO RESTORATION

The Corzine Administration wants to complete all work on the budget by June 15. Accordingly, there is less than a month left to influence the key state decision makers on this. From the beginning of this process, when the Governor presented his proposal to cut vital municipal property tax relief funding, municipalities – large and small – have united to press for full restoration of the $189 million shortfall, which would represent only level funding. On May 13, the Corzine Administration proposed the restoration of $14.9 million in CMPTRA funding, but with concomitant new municipal relief program cuts and charges of $15.8 million.

Only full restoration of the $189 million in municipal property tax relief, slated to be cut in the Governor’s original proposed budget, would allow local budget makers to consolidate the gains made possible by last year’s modest increase. And that would provide a further boost to citizen confidence in New Jersey’s commitment to meaningful and sustainable property tax relief.

Here is what you can do…..