Speaker Coughlin Defends Stay NJ Program

Assembly Speaker Craig Coughlin is fiercely defending the Stay NJ property tax relief program against Governor Sherrill’s proposed cuts, warning that slashing the benefit cap from $6,500 to $4,000 would undermine its core mission of helping seniors stay in New Jersey. Originally costing over $1.2 billion and designed to cut tax bills in half for eligible seniors, the program now faces a potential $642 million budget reduction if eligibility thresholds are lowered and the cap is cut. While the governor insists spending must be balanced with cuts elsewhere, Coughlin argues the program’s value to seniors can’t be measured in dollars alone. With lawmakers racing to finalize the record-breaking budget by June’s end, Coughlin vows to fight for the program’s survival — even if it means tough negotiations. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/42b6e0a1c5b3c055