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Can Guadagno’s “Circuit Breaker” Short Circuit Rising Property Taxes?

Thursday, May 11, 2017   (0 Comments)
Posted by: Annie Snyder
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Can Guadagno’s “Circuit Breaker” Short Circuit Rising Property Taxes?

NJSPOTLIGHT | April 24, 2017

Kim Guadagno, the state’s lieutenant governor and a leading Republican gubernatorial candidate, has come up with a novel “circuit-breaker” approach to providing New Jersey residents with relief from the state’s ever-rising property tax bills. But her proposal has also met with skepticism and claims of irresponsibility, since she hasn’t identified a sure source of revenue to pay for it. While Guadagno credits a 2 percent cap put in place by Gov. Chris Christie for slowing the growth of the average New Jerseyan’s property tax bills, her proposed circuit-breaker would go a step further. It would use state dollars to help offset those bills for many low- and middle-income homeowners.

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