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Article: Governor of New Jersey Proposes Higher Property Tax Rebates.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- April 30, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Josh Gohlke, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News
Apr. 30--Governor McGreevey unveiled his battle plan for property tax reform Thursday, calling for higher income taxes on the wealthy, more stringent control of government spending, and a special convention to amend the state constitution.
Presented to a rare joint session of the Legislature, McGreevey's proposal would boost property tax rebates for most of the state's residents by raising income taxes for the sliver of the populace earning $500,000 or more a year. As such, it would turn the politically perilous income tax to the governor's advantage as he nears the ...