Houghtaling and Downey Sponsor Bipartisan Legislation to Deliver Property Tax Relief

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Bipartisan legislation sponsored by Monmouth County Assembly Members Eric Houghtaling and Joann Downey would deliver more than $330 million in property tax relief statewide.

The bill (A-302) would reimburse local governments for the approximately $331 million in “Energy Tax Receipts” that the state has consistently diverted back to the general treasury to balance its own books. The funds, which are collected by the state, are meant to reimburse municipalities for the use by utility companies of public rights-of-way and other utility infrastructure on municipal lands.

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