On June 6, 2006,
Senate President Richard J. Codey and Assembly Speaker
Joseph J. Roberts announced through a legislative
news release an unprecedented special legislative
session that would work throughout the summer and fall
with the goal of enacting property tax reforms by the
end of this year. On July 28, Governor Jon S. Corzine
delivered an address before the joint session of the
Legislature. Following the Governor's address, the Senate
and Assembly passed Assembly Concurrent Resolution No. 3
that created four bicameral, bipartisan
joint committees to review and formulate proposals that
address property tax reform.
It is the duty of the committee
to review and formulate proposals that address the manner
in which government provides for the maintenance and
support of a system of free public schools for the instruction
of the children of this State. The committee may consider
proposals to: provide State support based on student
needs rather than geographic location; eliminate disincentives
to the regionalization of school districts; control
school district spending, particulary administrative
spending; and improve the effectiveness of the current
law limiting increases in school district spending.
It is the duty of the committee to review and formulate proposals that address the sharing of services and regionalization of functions at all levels of government. As a basis for these deliberations, the committee will use the CORE agenda proposed by the Speaker of the General Assembly. In addition, the committee will consider proposals to consolidate or eliminate State agency functions and State agencies or commissions.
It is the duty of the committee to review and formulate proposals that address abuses of the system of benefits provided to public employees and to control the costs of the State and its political subdivisions for public employee retirement, health care and other benefits. As a basis for its deliberations, the committee will use the recommendations of the Benefits Review Task Force contained in its December 1, 2005 report, as well as other relevant reports.
It is the duty of the committee to review and formulate proposals that address property tax reform through amendments to the Constitution of the State of New Jersey. The committee will also determine whether amendments to the State Constitution should be recommended to the Legislature for submission directly to the voters or whether such amendments should be referred to a citizens property tax constitutional convention to be convened for the purpose of reforming the system of property taxation.