Compromise Sought on Income
The Daily Register VOL. 98 NO.249 SHREWSBURY, N. J. TUESDAY, JUNE 22, 1976 15 CENTS Compromise sought on income tax By SHERRY CONOHAN tempt to resolve differences said they foresaw a shutdown al, said he had thought a com- "It looks like we've got The Assembly made Us SUIc HHH Cirrespudeit between,the Senate proposal of the schools. promise could be worked out some kind of Mexican stand- commitment of including The municipalities of the but, as of yesterday/had off," he said. property tax relief as part of TRENTON - With the aUd income tax-property tax state are under court order to changed his mind. He said he Sen. Bedell said he didn't any income tax proposal clock ticking towards a court- relief p,an adopted earlier by cease virtually all ex- had concluded the Assembly view the lack of likelihood of abundantly clear In its over- ordered shutdown of public ine Assembly penditures for public schools was firmly committed to pro- compromise as fatal to the whelming rejection, 77-2, of schools nine days away, the . on July 1 If the legislature viding substantial property schools, however. He said he Senate amendments to the State Assembly yesterday, on Assembly Speaker Joseph hasn't come up with a new tax relief as part of any In- thought the Supreme Court earlier Assembly bill which a vote of 77 to 2, resoundingly LeFante, D-Hudson, said he source of funding for public come tax plan while the Sen- would back off on its threat to watered it down to a flat 15 rejected a flat l.S per cent expected a compromise ac- education by then to relieve ate would never be able to close down the schools before per cent income tax.
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