Corzine could reduce property tax relief

January 31, 2008 6:53:39 AM PST
Will last year's lofty property tax rebate checks be a one-year wonder for New Jerseyans, as critics alleged?

No one knows until Governor Corzine signs the state budget for next fiscal year.

But the Democratic governor is indicating rebates could be sliced when he freezes spending in the coming state budget.

Corzine says such a move would mean $2.5 billion in cuts as he seeks approval to increase tolls for years to come to pay debt and fund transportation.

When asked Tuesday whether rebates could be cut, Corzine didn't answer directly, but hinted it won't be pretty.

That comes after he told mayors at a recent Statehouse forum that trouble looms if state finances aren't fixed.