• 2022-06-16

The announcement yesterday by Gov. Murphy, Senate President Scutari and Assembly Speaker Coughlin of $2 billion in property tax relief as part of the ANCHOR program is good news for many New Jersey residents and a step toward making New Jersey more affordable.

Unfortunately, the ANCHOR program provides no property tax relief to New Jersey businesses which pay about half of the state’s property taxes and are still trying to recover from the unprecedented fiscal challenges of the COVID-19 pandemic.