YOU READ IT HERE FIRST: State aid to Hudson County communities wouldn’t be lowered under Gov. Christie’s proposed budget for fiscal 2014, his administration announced today.
The New Jersey Department of Community Affairs (DCA) released the individual municipal state aid figures for Hudson — part of a total of $1.364 billion allocated in Christie’s proposed spending plan.
Property tax reform and stable aid funding “are helping drive down the cost of local government and control[ling] property taxes for Hudson area taxpayers,” the governor’s administration said in a news release.
“This preserved funding means no town in Hudson County will see a decrease in formula municipal aid for the upcoming year. It also demonstrates that providing stable, predictable levels of municipal aid to support local governments and taxpayers is a core priority of my Administration,” Christie said.
“Together with bipartisan reforms such as the 2% property tax cap, pension and health benefits changes, and a 2% cap on interest arbitration awards, we are delivering real relief to property taxpayers in New Jersey as evidenced by two consecutive years of the smallest property tax increases in two decades,” he said.
In 2011, New Jersey homeowners saw a statewide average rise of 2.4% in property taxes. In 2012, the statewide average increase was just 1.4%, the lowest in 24 years.
The new municipal state aid figures are available on the: NJ DCA website
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