TRENTON, NJ-Gov.Chris Christie has vetoed a measure that would have aidedmunicipalities with short-term property tax relief when a majorcorporation moves out.
The bill was designed for a situation like the one Clifton andNutley face as Roche closes down century-old operations at a campusthat spans the two towns' borders.
The act would have set aside $13.5 million to aidcommunities with short-term support to get them through atransition without extraordinary boosts in the tax burden ontaxpayers. Assemblyman Ralph Caputo of Belleville, one of thebill's sponsors, said he was disappointed by the governor'srejection.
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