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Kean: Failure to Extend Arbitration Cap Cripples Bipartisan Reforms to Curb Property Tax Growth

Kean: Failure to Extend Arbitration Cap Cripples Bipartisan Reforms to Curb Property Tax Growth
BY GEORGE MAST
SPECIAL TO NEWJERSEYNEWSROOM.COM

Senate Republican Leader Tom Kean Jr., (R-Union, Somerset, Morris) issued the following statement after joining Governor Christie, state and local elected leaders in urging the Assembly Majority to take action on legislation extending the 2-percent interest arbitration award cap.

“The Senate Republican Caucus stands with Governor Christie in urging the passage of this bipartisan legislation to extend the 2-percent cap on arbitration awards. It’s no coincidence that under the cap, contracts and property taxes grew at the lowest levels in decades.

“Unfortunately, we now stand to lose the progress we have made. How can we expect municipalities to hold down costs if there’s no ability to control arbitration awards for police and fire salaries?

 

Powerball Results for Huge Jackpot

Powerball Results for Huge Jackpot
BY BOB HOLT
NEWJERSEYNEWSROOM.COM
The Powerball lottery never seems to go through too many drawings until its jackpot reaches huge numbers.

That jackpot has now crossed three figures after no one won the...

Alpine: NJ Single-Family Building Lot Goes For Record Price

Alpine: NJ Single-Family Building Lot Goes For Record Price
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

A record-setting property sale has taken place in a wealthy section of Bergen County.

The seller more than doubled her money for a vacant lot that is within easy reach o...

Two Important Lessons About the Stock Market

Two Important Lessons About the Stock Market
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM

Some people, as the saying goes, can’t see the nose at the end of their faces.

Including many investors.

Despite all the evidence that stock index funds are a wise ...

'Spamalot' costumes send NJ high schools to court

'Spamalot' costumes send NJ high schools to court
BY RACHEL STRAUSS
NEWJERSEYNEWSROOM.COM

The perception that drama is always in the theatre may prove to be true. Main State Music Theatre, a nonprofit company established nearly 40 years ago, filed a la...

The Heavy Tax Burden of N.J. Residents

The Heavy Tax Burden of N.J. Residents
BY RICHARD BOREAN
SPECIAL TO NEWJERSEYNEWSROOM.COM

WASHINGTON, DC - New Jersey residents shoulder the second highest state-local tax burden in the country, according to the Annual State-Local Tax Burdens...

8 Reasons N.J. Bond Rating Lowered

8 Reasons N.J. Bond Rating Lowered
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

New Jersey still has severe budget issues, and analysts at Standard & Poor is concerned.

The bond rating agency says despite the economy improving in the state, Gove...

What Are NJ Realty Transfer Fees?

What Are NJ Realty Transfer Fees?
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

A New Jersey Realty Transfer Fee is paid by a seller of real estate based upon its sale price. It is paid when the property’s deed gets transferred to the buyer.

Even Go...

Gay Marriage Providing Big Bonuses in New Jersey

Gay Marriage Providing Big Bonuses in New Jersey
BY SYDNEY GAYDA
NEWJERSEYNEWSROOM.COM

After a well-battled victory for LGBTQ rights in New Jersey, the state’s recognition of same-sex marriages has paved the way for further equality debates in other g...

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