Introduces $29.4 billion 2011-12 state budget
BY TOM HESTER SR.
NEWJERSEYNEWSROOM.COM
Proclaiming a “New Normal” in Trenton when it comes to state government spending, Gov. Chris Christie Tuesday announced his proposed $29.4 billion 2011-12 budget.
Christie, in a 45-minute address to a joint session of the Legislature, announced he wants to double the amount of property tax rebates middle class families and senior citizens and the handicapped would receive to ease the transition of local governments to holding property taxes to a 2 percent annual increase.
Under the governor’s budget, senior and disabled homeowners with incomes up to $150,000 would receive double the benefits they are currently receiving as direct credits on their property tax bill. Non-senior homeowners with incomes up to $75,000 would also see their property tax relief double. Christie made no mention of rebates for renters.
