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New Jersey voters approve tax deduction for some veterans

Posted: 9:58 PM, Nov 05, 2019
Updated: 2019-11-05 21:58:31-05

New Jersey voters agreed to a ballot question to let veterans living in retirement communities get a $250 property tax deduction.

The question was the only statewide referendum on Tuesday’s ballot.

Legislative estimates show the deduction would carry a cost to taxpayers of $350,000 to $550,000 annually. That’s just a small fraction of the state’s roughly $39 billion budget.

It’s unclear, though, exactly how many beneficiaries the expanded deduction would affect.

Also on the ballot are all 80 of the Democrat-led General Assembly seats, and one state Senate election, where voters are picking Democrat Rep. Jeff Van Drew’s successor.