TRENTON — New Jersey Gov. Chris Christie Tuesday released a $29.4 billion spending proposal for fiscal 2012 that includes property-tax relief — if the Legislature passes health-care reform legislation.
Folded into the Republican governor's budget plan is $323 million of anticipated savings from his push to reduce rising state health-care costs by asking workers to contribute more for their health-care insurance, among other changes. Those savings could then finance rebates to homeowners on a portion of their property taxes. New Jersey has some of the highest property taxes in the nation.