Legislature
Ballot question for a $2,500 veterans’ tax break leaves out its $181.8 million-a-year cost to the State
Jersey Intel read SCR96 and its fiscal estimate. The ballot question would ask voters to raise the veterans’ property tax deduction from $250 to $2,500, but it doesn’t mention that the State reimburses towns for it. OLS puts that cost at $72.8 million in FY 2029, rising to $181.8 million in FY 2032. The Executive Branch never answered OLS’s fiscal-note request.