For Immediate Release: 6/30/22
Contact: Phil Swibinski, (201) 978-8651
NJ Republicans Vote NO on $2.5 Billion in Property Tax Relief
Chairman Jones: GOP is All Talk, No Action on Affordability
TRENTON, NJ — New Jersey Republicans are once again proving that they are completely out of touch with the needs of the state’s middle class families, voting against a record $2.5 billion in property tax relief in the FY2022-23 state budget. Nearly every single Republican member of the state legislature voted NO on the budget, which establishes the landmark ANCHOR property tax relief program that will provide thousands of dollars to New Jersey homeowners and renters to make the state more affordable.
“Republicans like to talk a big game about affordability, but when forced to actually do something about it, they voted no on $2.5 billion in tax relief for the middle class and working families,” said NJDSC Chairman LeRoy J. Jones, Jr. “People in our state and around the country are struggling with inflation and higher costs, but New Jersey Republicans just turned their backs on them — putting their own political games first and the middle class last. Governor Murphy and legislative Democrats are proving once again that only the Democratic Party can be counted on to deliver real solutions to the problems people are facing, and the Republicans have shown that when it’s time to step up they would rather play politics than get things done.”
Under the budget passed by the legislature and expected to be signed into law soon by Governor Murphy, the ANCHOR tax relief program will provide more than 870,000 homeowners with a household income of under $150,000 with a $1,500 property tax credit on their property tax bill each year; more than 290,000 homeowners with a household income between $150,000 and $250,000 with a $1,000 property tax credit on their property tax bill each year; and more than 900,000 renters with incomes up to $150,000 with $450 each year to help offset the rent increases caused by increasing property taxes.
“Republicans are about complaining, not about action,” Chairman Jones said. “New Jersey Democrats are all about delivering the results that the middle class and working families deserve.”