the staff of the Ridgewood blog
Wyckoff NJ, Assemblyman Christopher DePhillips joined Jill Horner on Comcast’s Newsmakers last week to discuss capping state spending each year at the same 2 percent placed on local government tax levies. Municipalities have a two percent cap, which is credited with helping to slow the rapid growth of New Jersey’s notoriously high property taxes; but the state is not subject to that cap.
“The towns have been largely living within the two percent cap without a problem,” DePhillips (R-Bergen) explained to Horner. “I think it would be hypocritical for us not to do this when we are imposing the same requirement on towns.”