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May 19, 2011

URGENT LEGISLATIVE ALERT

Re:   S-2762 - Commercial and Industrial Property Tax Refunds Scheduled for a Senate Vote

Dear Mayor:

S-2762, as amended, would permit a municipality to pay commercial and industrial property tax refunds for tax years 2010 and 2011 over subsequent three local budget years.  The bill is now scheduled for a vote of the full Senate this Monday, May 23rd.  (For more information see our April 25th Dear Mayor letter and May 16th Dear Mayor letter)

We support the need for the legislation to address property tax refunds for commercial and industrial properties.  We believe that by limiting to commercial and industrial properties it will be a substantial improvement to the situation for many communities. However, there is strong opposition to the bill and we need your help.

Please contact your State Senator and urge them to support S-2762 as it provides another tool for municipalities to use during these difficult times.   If you have any questions or need additional information on S-2762 please contact Lori Buckelew at lbuckelew@njslom.com or 609-695-3481 x122.

Very truly yours,

William G. Dressel, Jr.
Executive Director

 

 

 

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