What property tax cap?
What does it really mean besides politics?
New Jersey Governor Chris Christie is known to many as the “toughest” Governor in the lay of the land.
Much of that may be true – but for the purpose of this update, what do you think the recent passage of the “so-called” two-percent tax-cap means?
You see, the thing with political moves, bills, resolutions, and so on – is that they make them so verbose, complicated and difficult to understand – that the everyday person doesn’t truly know what it means. Look at the 2000+ page bills that are being passed left and right in Congress – that even our own Representatives don’t get! They give these bills “titles,” and roll with it without really comprehending how it affects the citizens of our country.
Many Hoboken residents have emailed 411 wondering the same thing, trying to discern “fluff and propaganda” from what the real deal is.
- Some locals said that Christie’s tax cap bill is meaningless without the other bills he wants passed
- Others think that the same loopholes will crop up – similar to Corzine’s 4% tax cap (with broader exemptions) which dozens of municipalities bypassed – despite Christie’s statements to the contrary. Will that hold true here? Stay tuned to find out.
- I actually had a couple Hoboken residents willing to BET me that Hoboken’s tax bills will go up beyond the tax cap during Mayor Dawn Zimmer’s tenure – with her stating some “rare” anomaly as the reasoning behind it. I wouldn’t take the bet.
- Lastly, PolitickerNJ had this to say: “So how will the Governor’s “tool kits” help us? By holding the total tax levy within a municipality to no more than 2.5% per year. And how does he know this is going to help? The model program, “Proposition 2.5” from Massachusetts, significantly lowered property taxes on its citizens. One slight problem: New Jersey’s structure is vastly different from Massachusetts. First and foremost, when Proposition 2.5 was passed, Massachusetts increased state aid to its local governments by 95%; a 30% increase from the national average at the time. Needless to say, Governor Christies proposal does not offer similar boosts in local aid.”
Many Hoboken residents have rightfully shrugged this latest political maneuver off as “complete BS,” while others didn’t care one bit – citing similar “historic” moments that failed in the past.
Do you think Christie’s “actions” are legitimate? Or just more faux “good news” to fool the populous into thinking there is actually light on the horizon?
See previous updates and videos from Christie’s visit to Hoboken after the jump…
Is this tax cap even feasible?
Municipalities already raising well above proposed 2.5% cap
While many applaud NJ Governor Chris Christie’s efforts to curtail spending in the state (could he be a sleeper candidate for the next Presidential election?) – dozens of cities in the Garden State are continuing to raise taxes. Both cities that signed up to Chrisitie’s plan to cap property tax increases at 2.5% – and others that have gone way beyond the already established limit of 4%.
How do you think your Hoboken tax bills will look for the upcoming eight quarters?
TV News Channels also cover Hoboken Town Hall meeting
Another perspective from My9/Fox5 reporter Mike Gilliam on yesterday’s “Town Hall” meeting. It should be noted that most news reports included Zimmer’s Corzine gaffe. This piece includes some comments from attendees:
Video of Chris Christie’s visit to Hoboken
For the 99.99% of the Hoboken residents that weren’t on Mayor Dawn Zimmer’s private invite list – here’s a brief video overview of some highlights of Chris Christie’s speech – along with what some residents who weren’t allowed in had to say.
Oh – and here’s the 150 page, 33 bill “tool kit” that Gov. Christie has been referring to.
Hoboken 1st of many NJ cities on Christie’s Tax Cap tour
This morning, New Jersey Governor Chris Christie headlined a “Town Hall” meeting at the Hoboken Catholic Academy gymnasium (555 7th Street.)
The event was attended by about 100 people, who were on Mayor Dawn Zimmer’s private invite list. The meeting started off with Christie discussing his proposed property tax increase cap of 2.5% and a “tool kit” provided to local municipalities – then was followed by a Q&A session with attendees. Zimmer inadvertently introduced Christie as Jon Corzine at the beginning of the meeting.
Outside the meeting hall, was a group of protesters upset that they were denied entrance, and felt that only the “elitists” that support Christie and Zimmer were allowed in.
Christie was said to have chosen Hoboken as his first stop in an effort to get the maximum NYC media coverage to kick-off his statewide tour.
Relevant and easy to digest video and full story later…