Some 31 percent of the 1,031 New Jersey Society of CPAs members who were surveyed in August and September said the state’s next governor should make reducing property taxes the No. 1 priority. More than 70 percent of the respondents said reducing property taxes was a top-five priority.
The remaining top-five priorities in order were improving the state’s infrastructure; converting public pensions to 401(k)s; auditing state agencies and programs for overspending and waste; and combining municipalities or increasing the use of shared services.
Other priorities for the next governor by order of importance included modifying the school-funding formula; increasing tax exemptions and incentives for retirees to keep them in the state; eliminating the inheritance tax or increasing the exemption amount; and evaluating corporate tax levels.