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New Jersey policymakers should put a ceiling on property taxes for all seniors and veterans to help the state keep more retirees from moving elsewhere, a new report recommends.
The recommendation was included in a new Garden State Initiative (GSI) research report, “ Retirees and New Jersey: How we can be Perfect Together ,” which concludes the state is losing retirees at a higher rate than peer states.
GSI also recommended state leaders build on the state’s strength of high-quality healthcare, expand the income tax exemption to include all retirement income and address gaps in public transportation for retirees.
“Retirees are fleeing New Jersey and it’s not because of the weather,” GSI President Regina M. Egea said in an announcement. “Retirees acknowledge that New Jersey has strong natural attributes such as access to high-quality healthcare, geographic and ethnic diversity and substantial transportation infrastructure in parts of our state.“That unfortunately is often not […]
Read the rest of this story here: justthenews.com
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