Study finds majority of N.J. municipalities raised local tax levies by 5 percent

[Guest]

It was a rough year in South Amboy.
Pension costs rocketed even as revenues dropped. The state took back $400,000 in energy taxes. They couldn’t work out an $800,000 land sale. So municipal taxes jumped 13 percent.

It was much the same all across New Jersey. The New Year’s resolution of 2010 may have been fiscal restraint, but according to data compiled by The Star-Ledger, it was a hard vow to keep as local taxes crept higher and higher. And that spells big trouble, many believe, for 2011 when the state clamps down on local spending increases.

http://www.nj.com/news/index.ssf/2011/01/taxes_new_jersey_municipalitie.html