Corzine Has Doubts About Property Tax Reform Plan

TRENTON, N.J. -- Governor Jon S. Corzine is raising doubts about whether the state can afford a 20 percent property tax cut for some New Jerseyans.

Corzine says he supports a recommendation by Democratic lawmakers to change annual rebate checks into direct property tax credits. But the governor tells the League of Municipalities, relief is constrained by resources.

Corzine says providing relief and then retreating in a year or two because there's not enough money is not acceptable.

Corzine says while relief is popular, reform and sustainability are very hard.

Lawmakers Wednesday announced 98 recommendations to cut the nation's highest property taxes.

Municipal officials are giving plan mixed reviews.

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