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2/12/2019 - Mayor Asks Governor to Help Lower Property Taxes with Restoration of Energy Receipts

 

Mayor Asks Governor to Help Lower Property Taxes with Restoration of Energy Receipts

 

Hamilton Mayor Kelly Yaede wants to help lower the cost of living for residents in her community and across the state by providing property tax relief for working families; and to help accomplish this goal; she is asking Governor Murphy to help.

As the Governor begins preparation for the Fiscal Year 2020 budget, Yaede is calling on Murphy to restore the energy receipts and CMPTRA funds, which were reduced - and never restored - over the past decade in order to help reduce property taxes.

Murphy’s predecessor, former Governor Chris Christie, reduced funding early in his tenure, which resulted in Hamilton losing roughly $5 million in revenue to offset property taxes.   Yaede had petitioned Christie to restore the funding while he was still Governor. She also worked with area state legislators and mayors on ways to restore the funding to towns to help reduce property taxes. 

In her letter, Mayor Yaede wrote: 

This action would benefit hard-working families, including young adults who are starting their families and desire to remain in our state for future generations, as well as our older citizens who wish to remain in New Jersey – close to their children and grandchildren. 

Yaede noted that members of Murphy’s party in the State Legislature have sponsored bills to restore energy receipts and CMPTRA funds – including those representing Hamilton – and that the return of funding to FY2008 (before the cuts took place) would only account for a fraction of the overall state budget.

Recently, on a conference call with Governor Murphy’s staff, Mayor Yaede voiced her sentiments on this important issue.

 

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Text of the Full Letter is Below

February 12, 2019

Honorable Phil Murphy, Governor

Office of the Governor

PO Box 001

Trenton, NJ 08625

 

Dear Governor Murphy:

In advance of crafting your FY2020 State Budget proposal, I am writing to respectfully request your consideration in an effort that can lower the cost of living for many New Jersey residents by providing tax relief to working families, as well as by reducing a causal factor of increasing rental costs.

I am asking that you strongly consider actions to restore gross energy receipts and CMPTRA revenue that was reduced, and never restored, over the past decade. 

This action would benefit hard-working families, including young adults who are starting their families and desire to remain in our state for future generations, as well as our older citizens who wish to remain in New Jersey – close to their children and grandchildren. 

Additionally, while this action would benefit citizens across the political spectrum, I would point to the fact that members of your party in the State Legislature, including those who represent Hamilton at the state level, have sponsored legislation over many years in the hopes of restoring this funding.

Further, restoration of these funds to FY2008 levels would amount to a fraction of the overall State Budget, which means such a goal is attainable.    

The restoration of gross energy receipts and CMPTRA revenue would allow local governments across New Jersey to directly lower property taxes – which would help make New Jersey more affordable – or to fund important infrastructure projects, such as needed road repairs, without additional tax increases.      

I thank you for your thoughtful consideration of this request; and would be happy to discuss this matter further.

Sincerely,

Kelly Yaede

Mayor