From the Star Ledger:
New Jersey’s notorious but beloved patchwork of towns and school districts could be transformed under a new limit on annual property tax increases, Gov. Chris Christie said today.
Speaking to a town hall audience in Perth Amboy, Christie said a constitutional amendment capping increases at 2.5 percent could force mergers that would reduce the number of local governments. The Garden State now has 566 towns and 588 school districts.
“There’s a lot of redundancy that goes on from district to district,” he told the crowd of about 275 people. “When Cap 2.5 comes into effect, those school districts are going to have to make choices, and some of those choices are going to be that they’re going to want to consolidate with other districts to be able to save their money. Right now, there is no incentive to do that and there is no imperative to do it, because all they need to do is just continue to raise property taxes.”