Senior citizens would receive rebate checks averaging $1,000 under a property tax relief plan being considered by Governor McGreevey and legislative leaders, two sources said.The plan would represent about a 33 percent boost from the maximum $750 rebate checks they now receive. Officials are also considering at least doubling the average $250 check that middle- class homeowners received last year, sources said.
Mcgreevey Weighing Increases in Senior, Middle-Class Rebates ; 'Millionaire's Tax' Would Fund Plan
The new rebates would be funded by raising taxes on the state's wealthiest families. Democrats are embracing the proposal as an attempt to tackle the thorniest issue in New Jersey p...