Christie signs tax-cap bill

Gov. Christie signs the property-tax measure duringa ceremony in Hamilton Township, asLt. Gov. Kim Guadagno (left) and others watch.
Gov. Christie signs the property-tax measure duringa ceremony in Hamilton Township, asLt. Gov. Kim Guadagno (left) and others watch.
Posted: July 14, 2010

Gov. Christie signed into law a bill limiting tax levy increases at the municipal, school, and county levels to 2 percent annually on Tuesday, one day after the measure received final approval in the Legislature.

The bill represents a compromise between a constitutional amendment to cap property taxes that Christie had initially sought and a weaker cap proposed by Senate President Stephen Sweeney.

"This is the beginning of real property-tax relief for New Jersey," Christie said after signing the legislation.

- Adrienne Lu

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