In this proposal, I'm fulfilling my promise to New Jersey voters, who said they wanted an end to rising property taxes. My proposal will help New Jersey homeowners with the biggest part of their tax bill - school taxes. This tax relief fulfills a promise I made to voters, and it's in addition to another promise I kept of income tax cuts of 30 percent. This tax relief package will allow New Jersey families to use their hard-earned money for what matters to them, like college tuition, a new home, or a secure retirement. And this comes in addition to my efforts to help reduce the cost of local government.
Tax cuts are good for the economy, and good for our fiscal health.
But quality of life includes more. In November, voters endorsed my vision of preserving one million acres of farmland and open space through a stable source of funding for open space, farmland and historic preservation. And I want to cut the waiting time so kids can become eligible for this program more quickly. KidCare helps to ensure the well-being of our state's youngest residents. I also want to do the same for our oldest residents.