UPDATE: N.J. Assembly Speaker has not agreed to Christie, Senate property tax cap deal
STATE HOUSE BUREAU
STATE HOUSE BUREAU
TRENTON — Assembly Speaker Sheila Oliver has not signed onto a proposal to limit the rise of property tax increases agreed to by Senate leadership and Gov. Chris Christie.
Oliver, an Essex County Democrat, left the Statehouse earlier this afternoon, after word came of the agreement that would lower the current 4 percent cap on tax increases and limit exceptions.
“The speaker has not been part of any closed-door deal," Assembly spokesman Tom Hester Jr. said in a statement. "As the speaker has said repeatedly, we will thoroughly vet any proposal. The Assembly budget committee will meet on Wednesday to consider proposed legislation that represents the Assembly plan.”
Christie scheduled a press conference today for 3:30 p.m.
The agreement would lower the limit on annual property tax increases to 2 percent, with exceptions for rising costs of pensions and health care, school enrollment increases, debt payments and costs associated with certain emergencies.
RECORD FILE PHOTO
Buy this photoNJ Gov. Chris Christie and the Legislature reach a deal on a property tax cap
“The speaker has not been part of any closed-door deal," Assembly spokesman Tom Hester Jr. said in a statement. "As the speaker has said repeatedly, we will thoroughly vet any proposal. The Assembly budget committee will meet on Wednesday to consider proposed legislation that represents the Assembly plan.”
Christie scheduled a press conference today for 3:30 p.m.
The agreement would lower the limit on annual property tax increases to 2 percent, with exceptions for rising costs of pensions and health care, school enrollment increases, debt payments and costs associated with certain emergencies.