27 NJ towns may ask voters to raise cap

At least 27 towns have notified voters they may be asked to raise their taxes through a referendum next month, the first time New Jersey residents will have a say in their property tax rate. Under the Christie administration’s new property tax cap that goes into effect July 1, residents will decide if their town or school district can exceed a 2 percent limit on collections, replacing a process in which towns asked the state to exceed the current 4 percent cap. http://bit.ly/hCF8zF