New Jersey finds $400 million

It seems that because of an unprecedented state-wide response to proposals Governor Corzine implemented in December 2008, New Jersey has $400 million in new-found revenue. Today, Governor Corzine urged the Legislature to put that wind-fall toward property tax relief for middle-class homeowners. "I want to convey in the strongest possible terms, my commitment to using these recovered resources to provide middle class homeowners with much needed property tax relief," said Governor Corzine. "Let me be clear. When revenues fell, the last item we cut was property tax relief. Now that we've recovered some lost revenues the first thing we will restore is property tax relief." The Governor also highlighted his commitment to preventing special interest groups from diverting this new-found revenue away from New Jersey's taxpayers.