The property tax bill saga is really something. Let me do a recap. First Governor Jon Corzine calls the legislature into special session and charges them to find a solution to our tax woes before the legislators go on break for Christmas. The legislators go through their partisan bickering but eventually come up with a comptroller, a four percent cap on increases, and a tax credit for most households. The latter may or may not be sustainable depending on who you ask. After getting the legislation through the Assembly and the Senate it now sits Governor Corzine’s desk.
Well most of us know the Governor only has 45 days to sign the legislation into law which is up on Saturday. What is less known, is that in New Jersey the rule applies only when Congress is in session. With the legislators doing other things Governor Corzine has opted not to sign the bill until some undisclosed time. My guess the dog and pony were unavailable or maybe the signing pens are on back-order. We will just have to wait and see.
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