Many reformers have called on the State to pass meaningful property tax legislation. We are not looking for one house bills. We are looking for real reform.
The Omnibus Consortium understands that the property owners need real relief now. Not next session or some later date but today.
The Omnibus Consortium, comprised of tax groups all over the state, fiscal watchdogs, unions,renter groups, farm groups and elected officials drafted a bill with Frank Mauro who is known throughout the state for his fiscal genius.
This bill delivers meaningful (not star lite) relief to taxpayers. It provides for a middle class circuit breaker that would be phased in over a period of years in recognition of the states precarious fiscal situation. The circuit breaker will give relief to property owners whose property taxes (ALL- not just school) exceed their ability to pay . Senator Krueger introduced this bill ( S.4239). Of all the circuit breaker bills out there, this bill gives real relief with no baggage. Unfunded mandates, consolidation and other issues need to be addressed but will take thorough studies to implement. Senator Kruegers bill is the cleanest and most fiscally viable bill to give immediate, meaningful relief this session!
The second part of the bill has phased in approach to the State eventually taking over the school property taxes, as well as medicaid relief and giving back revenue sharing to towns and counties that was cut years ago.
This bill takes the best of the Galef/Little, the Cahill/Lavalle and the Senate Stop Bill.
The Omnibus Consortium is committed to getting meaningful relief passed this year with long term reform phased in next session.
Please support this post as well as Shebar and MKD67