PolitickerNJ Wire Feed
SCHEPISI-CIATTARELLI BILL GIVING TOWNS
ACQUIRING FLOOD-PRONE LAND TAX-EXEMPT STATUS
APPROVED BY ASSEMBLY COMMITTEE
Bipartisan legislation sponsored by Assemblywoman Holly Schepisi, R-Bergen and Passaic, and Assemblyman Jack Ciattarelli, R-Somerset, Hunterdon, Mercer and Middlesex, exempting flood-prone properties acquired by municipalities from county, school and fire district property taxes for the following tax year was approved by the Assembly Housing and Local Government Committee on Thursday.
Currently, if a municipality acquires such property after October 1, it must pay the county, school, and fire district property taxes owed for all or the remainder of the following tax year.
“The flooding caused by Superstorm Sandy this year, and the devastation witnessed in the aftermath of last year’s hurricane and tropical storm has heightened the awareness of towns that continuously deal with this problem,” said Schepisi. “A municipality should not be deterred from purchasing property from a willing seller because they cannot afford that property’s tax liability.”
Municipalities in the state receive grants for acquiring flood-prone property for conservation purposes under the Blue Acres Program. Towns may also receive funding from the Federal Emergency Management Agency (FEMA) for a similar purpose.
“One of the best ways to remedy repetitive flooding and provide relief to affected homeowners, whether at the Jersey Shore, or along the Delaware, Raritan or Millstone rivers, is for municipalities to use Blue Acres and FEMA programs to purchase homes in flood-prone areas,” said Ciattarelli. “With that in mind, we should be doing all we can to eliminate impediments and make the Blue Acre and FEMA programs as successful as possible.”
“Conservation programs, such as Blue Acres, or funds received from FEMA for acquiring properties that are chronically subject to flooding, are extremely beneficial in the effort to reduce the impact flooding has on a municipality” continued Schepisi. “The effort to preserve open space should not be stalled because a town cannot afford to assume the obligation of paying a seller’s property taxes. That financial responsibility may thwart an otherwise beneficial transaction to both the homeowner and the town.”
The bill, A-3362, is co-sponsored by Schepisi and Ciattarelli’s Assembly Republican colleagues, Mary Pat Angelini, Scott Rudder, Scott Rumana and Jay Webber and Democrats Valerie Vainieri Huttle, Timothy Eustace, Peter Barnes III and L.Grace Spencer.
On the Net:
NJ Assembly Republicans on Facebook
NJ Assembly Republicans on Twitter
On Wednesday, U.S. Sen. Cory Booker (D-NJ) will officially kick-off his re-election campaign with a three-event tour across the state.Read More >
Campaign season now under way in Bergen County Politics is practiced year-round in Bergen County, and street-level campaigning has been going on quietly all summer. But both Republicans and Democrats say the Rutherford Street Fair on Labor Day signals a more intense phase of electioneering. (Ensslin/The Bergen Record) http://www.northjersey.com/news/campaign-season-now-under-way-in-bergen-county-1.1079080 ...
By MICHAEL W. KLEIN In his weekly radio address on August 16, President Obama challenged colleges “to do their part to bring down costs” and lighten the tuition burden on students. The state colleges and universities in New Jersey have... Read More >
"Governor Christie ripped President Obama this summer for failing to carve out some time during a Texas fundraising swing to visit the Mexican border, where the unprecedented flood of immigrant children from Central America had reached a crisis point. ...Yet Christie is not squeezing in a tour of the troubled border during his own three-day trade and diplomatic mission to Mexico, which is set to begin on Wednesday. The governor is planning a series of meetings with Mexican officials, including President Enrique Peña Nieto and the finance and energy ministers." - columnist Charles Stile- The Bergen Record
Press releases are submitted by PolitickerNJ users, not by staff. They do not represent the viewpoint of PolitickerNJ.com.