Rebates could disappear in NJ

February 20, 2009 10:10:03 AM PST
Property tax rebates could become a casualty of New Jersey's sinking economy. Gov. Jon S. Corzine says all options are on the table as he crafts a 2010 budget, which will be introduced on March 10.

Corzine is looking to close a budget gap estimated at $6 billion. Property tax rebates cost the state about $1.7 billion.

Assembly Speaker Joseph Roberts Jr., D-Brooklawn, says cutting property tax relief should be a last resort in New Jersey, which has the highest property taxes in the nation.

On Tuesday, the governor proposed a two-day furlough for state workers to help close this year's budget deficit. He's warned of additional cuts next year, but declined to say specifically what would be cut.

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