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How can NJ towns balance their budgets without raising property taxes?

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By David Matthau March 20, 2017 4:30 AM

New Jersey 101.5 video archive

Gov. Chris Christie’s proposed New Jersey budget for fiscal year 2018 holds state aid to municipalities flat once again.

The result is towns across the Garden State are now scrambling to make ends meet, which in some cases will mean an increase in property taxes beyond the state-mandated 2 percent cap.

Michael Darcy, the executive director of the New Jersey State League of Municipalities, said the cap is doing its job, holding the line on increases that have been significantly higher in the past, but there are built in exceptions to the cap, such as insurance and pension costs.

“The result is towns across New Jersey are finding it increasingly difficult to hold the line on tax hikes while providing necessary services because municipal aid from the state has been held flat for the past nine years,” he said.

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