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:
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
Text of the Full Letter is Below
February 12, 2019
Phil Murphy, Governor
of the Governor
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
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