there appears to be an agreement on a controversial bill that will cut property taxes for seniors a tentative framework was reached this weekend on the stay NJ senior property tax cut plan with Governor Murphy and Democratic legislative leaders still ironing out the details but according to a Murphy Administration official residents 65 years and older would get a 50 percent credit on property tax bills capped at sixty five hundred dollars now that's down from an initial proposal of ten thousand dollars the original plan also had no income threshold the newly worked deal now applies to seniors making under five hundred thousand dollars a year and includes money for senior renters who were originally excluded the plan also immediately boosts the existing anchor tax relief program by 250 bucks for seniors but critics argue the bulk of this money will be going to wealthy homeowners Governor Murphy has said he's willing to shut down the government over the bill if a deal isn't reached by June 30th that's the state budget deadline [Music]