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Would a tax shift increase public school spending and overall school taxes?

April 26, 2017increase overall public School shift Spending tax taxes

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Would a tax shift increase public school spending and overall school taxes?

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No. The New Jersey School Boards Association advocates revenue-neutral property tax reform—that is a statewide, dollar-for-dollar shift from the property tax to a progressive state-level revenue source, such as the state income tax. NJSBA would support a change in the state income tax only if the increase is matched by a reduction in local property taxes statewide.