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GannettUSA Today

Friday, July 28, 2006

More three-card monte from Corzine

Gov. Corzine touched on most of the right themes in his address to the Legislature today, but the speech was nonetheless disappointing. I was hoping to hear more specifics on how he intended to provide short-term property tax relief - along with dollar amounts for each recommendation.
All I heard about immediate tax relief was more of the same - shuffling the money around. He talked about eliminating property tax rebates and instead using the money for property tax credits. That's tax relief? The other major component of his plan was applying a portion of the sales tax increase to property tax relief, although the specifics on how that would be done have yet to be spelled out. All told, those two proposals would provide $1.6 billion in tax relief, he said. No, they wouldn't. They would simply redistribute $1.6 billion.

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