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June 30, 2012

RE: Governor Vetoes Property Tax Relief Funding

Referring to concerns about the State budget, Governor Christie, last evening, vetoed A-2921/S-1900 - the bills that would have restored vital property tax relief to municipal budgets. The bills, which had garnered bipartisan support in both Houses, would have moved the State closer to compliance with the letter and spirit of the 1999 law governing distribution of funds deposited in the Energy Tax Receipts Property Tax Relief (ETR) account and the Consolidated Municipal Property Tax Relief Aid (CMPTRA) program. This year, as in the past, these dollars will again be used to support State spending.

We thank Assemblyman Troy Singleton and Senator Paul Sarlo, lead sponsors of the bills, as well as all legislators who supported this effort to enable Mayors, Statewide, to begin to put these resources to use for the benefit of property taxpayers all around our Garden State.

We intend to continue to push for the restoration of this relief when the Legislature reconvenes.

(The legislative voting records and other background letters can be viewed at:  Energy Tax Restoration Center)

Very truly yours,

William G. Dressel, Jr.
Executive Director

 

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