May 16, 2008
RE: Revised CMPTRA
The Department of Community Affairs has posted revised municipal property tax relief (CMPTRA) numbers, on its website. (http://www.state.nj.us/dca/lgs/muniaid/08_aid/08-09_cmptrarest.shtml) These numbers reflect the restitution of $14.9 million (of the original $60 million cut) to the CMPTRA. The numbers do not reflect the concurrent new cuts to Extraordinary Aid ($7.3 million), Consolidation Aid ($7 million) and the new charge for urban State Police Services ($1.5 million).
This is a step in the right direction. We have to commend the Administration for recognizing some of the problems that would have resulted from its original proposal. This roughly $15 million shift, from one group of property taxpayers to another, however, falls short of the promise for significant, sustainable and reliable property tax relief funding, that was made just last year, by the Legislature’s Special Session.
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.
Please join us for our May 20 Summit (http://www.njslom.org/bowser_051308.html) and contact your own State Legislators. Urge them to fight for full restitution of the $190 million cuts.
Very truly yours,
William G. Dressel, Jr.