“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.”
Topic
property taxes
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,...