GBusardo
Member
I am posting this so in a year from now, we can all get a good laugh, especially those of us that live in New Jersey. Read the last sentence and smile. Someone please ask me next year how much my property taxes went down. By the way, that isn't the only tax that is going up with this agreement.
Out of Yahoo News about 4PM 7/6/06
The deal reached Thursday would close a $4.5 billion gap in the state budget by raising the sales tax from 6 percent to 7 percent, which would raise about $1.1 billion a year, the official said. Half of the new money would be used to lower property taxes this year, and all of it would go for that purpose next year.
Out of Yahoo News about 4PM 7/6/06
The deal reached Thursday would close a $4.5 billion gap in the state budget by raising the sales tax from 6 percent to 7 percent, which would raise about $1.1 billion a year, the official said. Half of the new money would be used to lower property taxes this year, and all of it would go for that purpose next year.