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By Jennifer Sciortino | December 6th, 2012 - 6:25pm
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Assembly Democrats News Release

Vainieri Huttle & Eustace Bill Providing Tax Relief to Towns Purchasing Flood-Prone Properties Advances

(TRENTON) - An Assembly panel on Thursday approved bipartisan legislation sponsored on the democratic side by Assembly members Valerie Vainieri Huttle and Tim Eustace to provide tax relief to towns that are acquiring flood-prone homes through the state's Blue Acres program.

"The homes at issue are being purchased by Blue Acres funds because of constant flooding and they are now coming off the tax rolls,” said Vainieri Huttle (D-Bergen). “Towns should not be left on the hook to pay county and school taxes for a home that is no longer bringing in property taxes because of a delay in processing. This is a sensible way to help beleaguered homeowners and cash-strapped municipalities."

"This is a simple solution to allow for towns to plan correctly for next year's budget," said Eustace (D-Bergen, Passaic). "Towns like Saddle Brook have dealt with enough flooding problems over the past few years. They should not have to pay the consequences of higher taxes due to a technicality while we attempt to alleviate the issue for them and others throughout New Jersey."

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Contact Info: 

Jennifer Sciortino
NJ Assembly Majority Office
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Quote of the Day

quote of the day

"Assembly Speaker Vincent Prieto, a Hudson County Democrat, is balking. He claimed Tuesday that members of his caucus are divided over the measure and that his house is in no real rush – besides, even if enacted this year, the reforms would not take effect until 2017, he said. And with the growing belief that Christie could skip town to run for president, some Democrats are not eager to give him another talking point for his résumé. Christie’s plans to stump for Republican candidates in New Hampshire later Thursday only fuel that suspicion." - columnist Charles Stile

- The Bergen Record

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