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Governor Christie: CAP 2.5 Hoboken

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Published on Jun 15, 2010

Hoboken Mayor Dawn Zimmer talks about Governor Chris Christie's proposal to cap property tax increases to no more than 2.5 percent for the state of New Jersey in Hoboken, N.J. The Christie Reform Agenda takes immediate action to provide real property tax relief by putting power in the hands of the people. Since 2001, spending at the local level has spiked by 69% from $26.5 billion to an estimated $44.7 billion this year. New Jersey taxpayers bore the brunt of surge in government spending, with property taxes growing an astonishing 70% from 1999 to 2009. The average New Jersey household now pays $7,281 a year in property taxes - the highest rate in the nation.

More information can be found at: http://bit.ly/ck9udw (transcript below)

Mayor Dawn Zimmer, Hoboken, NJ: Property taxes are too high. They're just too high. They're driving people—unfortunately they're driving people out of Hoboken and they're making it extremely difficult for seniors who are on a fixed income to remain in Hoboken and we want to make sure that people can stay in Hoboken, so it's extremely important not only for the residents but also for the business community that we reduce the taxes. Hoboken is a town of about 40,000 people, and actually I believe when we finish counting we may be up to 50,000 people, and it's got wonderful diversity. We've got an old Italian community, we've got a Hispanic community, African-American community. There, we'll call newcomers, young urban professionals, so we've got a wonderful mix of people here in Hoboken. It's important to note that nearly 80% of our city's budget, our operating budget is personnel costs, so I need help with reducing those personnel costs, and that's why it's important, again with the arbitration process, that we be able to have a way to really fairly negotiate with our labor unions and address those issues. The Cap 2.5—I think it's extremely important that that passes as a package, so not only do we need the Cap 2.5, but we also need the mayor's tool kit that the Governor is proposing and I think the most important elements on that are the arbitration process and the shared services, so at the very least the arbitration process needs to change. I was the first municipality to have Governor Christie come to Hoboken and give a wonderful talk with the residents of Hoboken, reaching out to legislators and letting them know my position on this and trying to encourage them to support these measures. I'm writing to residents and speaking out publicly on this. I think he's doing a great job, going, you know, going around to various municipalities and taking it directly to the people and letting them know how important this is.

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