Moriarty does some property tax math

by: Rosi Efthim

Tue Jun 29, 2010 at 03:40:53 PM EDT

Assemblyman Paul Moriarty, who reps NJ's Fourth District, posted a list linked to his facebook page with some budget math of the variety Chris Christie doesn't much want you to focus on.

Moriarty pegs Christie with a $2.76 billion property tax increase falling mainly on middle class and poor folks, while the wealthiest living here get a break. And $2.8 B in lost property tax relief - $1.5B in school aid for this fiscal year and the next, $407 M in municipal aid next fiscal year and $848 M in direct property tax relief now. He calls out the governor on a "massive tax increase" Christie's budget will cause, and predicts laid-off teachers, police & firefighters, more kids in each classroom and more taxes.

Moriarty breaks the numbers down like this:

468,000 senior homeowners earning less than $100,000 received $1,295 in property tax relief in 2009, but will receive nothing this year under Christie's plan.

36,000 senior homeowners earning between $100,000 and $150,000 received $763 in 2009, but will receive nothing this year under Christie's plan.

278,000 non-senior homeowners with incomes below $50,000 received $892 in 2009, but will receive nothing this year under Christie's plan.

230,000 non-senior homeowners with incomes between $50,000 and $75,000 received $670 in 2009, but will receive nothing this year under Christie's plan.

108,000 senior tenants with incomes below $100,000 received about $700 in 2009, but will receive nothing this year under Christie's plan.

"Lost property tax relief" he calls it. Moriarty:

Property taxes are the leading concern in our state, yet for working class New Jerseyans, the worst is yet to come under Gov. Christie.

Rosi Efthim :: Moriarty does some property tax math

Tags: Paul Moriarty, Chris Christie, budget, (All Tags)

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Moriarty does some property tax math | 4 comments

but but but (0.00 / 0)

no new or increased taxes.

I know it - Christie said so.

Scott Garrett - on the wrong side of, well, everything.

by: Adam L @ Tue Jun 29, 2010 at 19:57:40 PM UTC

One man's opinion (0.00 / 0)

And we saw what Christie did to him !

by: speedkillsu @ Tue Jun 29, 2010 at 22:43:19 PM UTC

Damn !! (0.00 / 0)

The Municipal tax rate in my town went down for the first time in over 20 years !

by: speedkillsu @ Wed Jun 30, 2010 at 21:22:19 PM UTC

the 800 pound gorilla (0.00 / 0)

in the room is the fact that no one is addressing the problem of basing almost all of our school funding on property taxes. What do other states do? We need to face the fact that property taxes can no longer support the cost of doing business. We need a more equitable tax plan. A more progressive tax system is critical.

We cannot continue to expect to balance the budget and not find new ways to pay for the ever increasing costs of essential services

by: sandy23 @ Thu Jul 01, 2010 at 16:06:01 PM UTC