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