Oroho Pushing for 2% State Spending Cap

Oroho Pushing for 2% State Spending Cap
Senator Steve Oroho (R-Sussex) introduced legislation that would cap state spending at 2 percent annually. This legislation comes on the heels of the 2 percent property tax cap passed today by the Senate.

“It is very important that the state demonstrate the same fiscal restraint that we are asking of local and county governments and school boards,” Oroho stated. “All levels of government have been living beyond their means and taxpayers are the ones paying the price. We need to make decisions that make this state more affordable for families and more competitive for businesses.”

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Kyrillos Joins Sweeney as Co-Prime Sponsor of 2% Property Tax Cap

Senator Joseph Kyrillos (R-13) joined with Senate President Steve Sweeney as the prime sponsor of the 2 percent property tax cap bill that was passed by the Senate today. Senator Kyrillos is the sponsor of Governor Chris Christie’s original constitutional property tax cap.

Senator Kyrillos called the measure a “very significant, historic initiative” that would be watched by people across the country.

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Kean Statement on 2% Property Tax Cap

Senate Republican Leader Tom Kean issued the following statement today after the Senate passed a property tax cap. Under the bill, property tax increases would be capped at 2 percent annually with a limited number of exemptions, including voter override:

“New Jersey residents will finally have some predictability and control when it comes to their property tax bill. Giving voters a choice will help prevent another family from moving out or another business from closing due to rapidly escalating property taxes.

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