“In New Jersey, we have a single way of raising money, which is property taxes,” Pfeiffer said of municipal budgets. “Atlantic City has always been an exception to that because you have the hotels and then the casinos. You’ve always had a policy of state engagement to support Atlantic City’s municipal budget in particular.”
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How does New Jersey benefit from tax incentives given to film, TV and AI industries?
“It’s simply because AI is such a hot topic right now, such a hot term, I’m not sure how this would necessarily differ from any of the targeted industries they already identify, which are mostly high-tech industries,” Irving said.
Gov. Murphy vetoed a 20-year service pension bill for police and firefighters. Here’s why
A bill to allow police officers and firefighters with 20 years of service to retire early with a reduced pension, regardless of their age, was conditionally vetoed by Gov. Phil Murphy, who said he wants more clarity on how the legislation would impact the state...
Your tax dollars at work. The 2023 budget details for Warren County’s biggest towns.
Warren County municipalities had until April 28 to set their spending plans for 2023, including general fund budgets covering the costs of public services. By and large, property taxes pay for most services, and budgets are kept fairly unremarkable, but one consistent...
How the ultra-rich, from Trump to Bruce, dodge their taxes and increase yours
Drive around an exclusive town like Mendham, in Morris County, and you’ll see homes that are palaces, with big swimming pools, tennis courts, and manicured lawns that seem to stretch on forever. These folks are doing all right. Many of them are also getting away with...
NJ State Policy Lab – Influences in Differences in NJ Municipal Tax Rates
Today’s NJSPL Report analyzes various factors that affect municipal tax rates, including age dependency ratios, private school enrollment, and population density.
Can anyone lower New Jersey’s property taxes? What the candidates for governor are saying
Murphy’s Republican predecessor, Chris Christie, worked with Democrats in the Legislature a decade ago to put a 2% annual cap on property tax increases, with some exceptions. The effects of that cap have been clear with slower growth under Murphy, said Marc Pfeiffer,...
Average NJ property tax bill now $9,111 — How your town compares
Property taxes went up by $158 for the average New Jersey homeowner last year, according to figures compiled by New Jersey 101.5. The total jump in the tax levy was the most in 10 years. The average residential property tax bill in 2020 was $9,111, an increase of...
Tax relief on home renovations in Belleville? It could be happening
Marc Pfeiffer, the assistant director of the Bloustein Local Government Research Center at Rutgers University, said the increase in taxes would go up about 20 percent a year. Township attorney Steven Martino, who helped draft the resolution, said a resident would not...
Gov. Chris Christie's budget, by the numbers
And the reasons people are leaving are not limited to New Jersey's tax structure, said Joseph Seneca, university professor emeritus at Rutgers's Bloustein School of Planning and Public Policy. People retire and find jobs elsewhere, among other reasons, he said. "It...