Christie Warns NJ Residents of Post-Storm Tax Hikes

Gov. Chris Christie is warning New Jerseyans living in storm-wrecked towns that they're likely to see higher local property taxes to help pay for rebuilding.

Christie, dressed in a suit and tie and working in the Statehouse for the first time since Sandy ravaged the state two weeks ago, said an exemption to the state's 2 percent tax cap law is emergencies like Sandy, which destroyed coastal towns, knocked out rail service and left 2.7 million households in the dark. While municipalities can expect federal reimbursement for most storm-related cleanup costs, residents will most likely foot the bill for rebuilding.

[link to www.nbcnewyork.com]