Corzine plan raises questions about property tax relief

January 30, 2008 12:31:08 PM PST
Wait till next month if Governor Corzine's plan to raise tolls to pay down debt and fund transportation projects doesn't sit well. The governor is hinting last year's heralded property tax rebates could be cut when he freezes spending.

Corzine won't say directly. But the governor says he thinks the "focus will very quickly shift from toll hikes in 2022 to budget cuts in 2009."

Democrats increased property tax rebate checks by about $700 last year, to about 20 percent for many homeowners.

Democratic legislators are waiting for Corzine to present his budget plan on February 26th. But they aren't thrilled the rebates could be cut.

Republicans say the higher rebates were a gimmick designed to help Democrats retain their Assembly and Senate majorities.