![sweeney and christie](https://savejersey.com/wp-content/uploads/2012/04/Screen-shot-2012-04-03-at-1.40.13-AM.png)
By Art Gallagher | MoreMonmouthMusings.com
![Steve Sweeney (left) and Chris Christie (right)](https://savejersey.com/wp-content/uploads/2012/04/Screen-shot-2012-04-03-at-1.40.13-AM-300x196.png)
Senate President Steve Sweeney told MMM today that he expects a key provision of New Jersey’s 2% property tax cap that is set to expire on April 1 to be extended.
The interest arbitration provision of the property tax reforms passed with bi-partisan support three years ago caps arbitration awards in government labor disputes to 2%. Since they’ve been implemented the average arbitration award resulted in salary increases for local government employees to 1.86%–the lowest in 20 years. The provision will expire on April 1 unless extended by legislation.
Doesn’t mean anything until they address how much of a game Assessments are in the State of NJ.