>Ingle: The big fight is over 2.5% cap
As I was saying, you can forget about those predictions of a state shutdown over the budget this year; it will pass on time. The fight is over Gov. Christie’s proposed constitution-backed 2.5 percent annual property tax cap. The governor’s proposed constitutional amendment, which needs to be passed by the Legislature by mid-July to be put on the ballot in November, would limit property tax growth to 2.5 percent with only two exceptions — debt service and voter override, the latter meaning we the people can say if we want to pay higher taxes. (Ingle, Gannett)
https://www.app.com/article/20100623/OPINION05/6230338/1093/The-big-fight-is-over-2-5-percent-cap
