Property tax relief promises
One thing they seem to agree on is that property tax rebates will be converted into direct property tax payments. That isn't relief at all. In the end, the tax burden is the same.
The other possibilities cited by Burzichelli for achieving property tax relief: spending cuts, savings from public worker pension reforms and government consolidations, increased income taxes and expansion of sales tax to other goods and services.
Which of those options, if any, do you think the Legislature will most aggressively pursue? My guess: an increase in the income tax rate for middle- and upper-middle taxpayers and a broadening of the sales tax, which is absolutely the wrong way to go. Lawmakers will do so at their own great peril.
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