State News

Assembly To Consider Budget, Tax Bills

TRENTON – Legislation to protect senior citizens from Gov. Chris Christie’s plan to increase their prescription drug fees and slash their property tax relief, provide a New Jersey homebuyer tax credit for 2010 and analyze the newly implemented teen driver safety law top Thursday’s Assembly committee agendas.

State Receives $1.3 Million Settlement With Aventis Pharmaceuticals Inc. Over “Best Price” Violations

TRENTON –New Jersey has received $1.3 million in a settlement with Aventis Pharmaceuticals Inc. regarding “best price” violations and resulting losses to New Jersey’s Pharmaceutical Assistance to the Aged and Disabled (PAAD) and Senior Gold (SG) Pharmaceutical Assistance programs, Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced yesterday.

Christie Proposes 2.5 Percent Property Tax Hike Cap

TRENTON – Governor Chris Christie presented a 33-bill package of reforms aimed at solving New Jersey’s property tax crisis. The bill package will put a hard cap on property tax increases and state spending at 2.5 percent, while giving municipalities, school districts, higher education institutions and county governments tools to control their costs and live within the cap.