(TRENTON)
-- Treasurer John McCormac today said Homestead Rebates are being processed
and will be mailed and delivered in the next few weeks. Many seniors
will be qualified to receive a maximum $775 rebate, an increase of $25
from last year.
While
in the past the Homestead Rebate had been dated at the end of July,
homeowners did not receive them in the mail until the first weeks of
August. McCormac said this year the Taxation Division delayed processing
due to the State's tight fiscal condition and the need to manage daily
cash flow with extreme caution.
"The
checks are being processed and everyone should have them by the end
of August," McCormac said.
The
State budget provides for a record $514 million for Homestead Rebates
to about 1.6 million residents. Despite the unprecedented budget crisis,
Governor McGreevey balanced the budget and increased Rebate funding
by $13.7 million so the maximum check could be increased to $775.
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