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   Codey says suspend property tax rebate
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Last Edited*crickets chirp*  Mar 01, 2005 08:36pm
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News DateWednesday, March 2, 2005 02:35:00 AM UTC0:0
Description"Nearly all New Jerseyans would lose their property tax rebates and likely pay more sales taxes, part of a plan to balance the $27.4 billion budget acting Governor Codey will introduce today.

Codey wants to cut overall state spending by 3.5 percent from the budget approved in June and wipe out nearly all of the $2 billion legislators added to the fiscal plan after it was introduced last year.

The biggest proposed cut: slashing the NJ Saver and Homestead rebates by $1 billion. The Saver program would be eliminated for at least one year and the top check for the elderly and disabled under the Homestead program would drop from $1,200 to $800. About 2.8 million people were eligible for the programs last year."


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