Should New Jersey balance its budget on the backs of its elderly and disabled citizens? Governor Christie’s 2012 budget proposal does exactly that by limiting funding to the Property Tax Reimbursement program (PTR). The PTR was designed to protect low-income senior or disabled residents from rising property tax rates; however, Christie’s budget proposal caps reimbursement payments for 2010 at the 2008 level. This means that many vulnerable program participants will only get a partial reimbursement on this year’s higher property taxes. They will have to absorb this unexpected increase, forcing citizens who cannot afford the tax increase out of their homes.
AARP requests that the State fully fund the PTR for those who are already in the program. These citizens have planned their finances based on the promise that they will not have to absorb an increase in property taxes. New Jersey should not let them down. They cannot afford to pay more.
AARP Outreach Volunteer