NJ Governor To Sign Arbitration Law To Ease Property Tax Increases
WAYNE, N.J. (AP) – New Jersey Gov. Chris Christie is set to sign a bill Tuesday that aims to help New Jersey towns control costs and ease property tax increases.
The bill would cap salary awards, including longevity pay and automatic step increases, for police and firefighters at 2 percent when their unions engage arbitrators to settle contracts. It also fast-tracks the arbitration process.
Pension and health care costs are not included in the cap, which will lapse in three years.
Christie will sign the bill in Wayne.
(Copyright 2010 by The Associated Press. All Rights Reserved.)