Following up on my post, Do Property Tax Caps Work? (May 25, 2010):  the Center on Budget and Policy Priorities today released Property Tax Cap Wouldn’t Improve New Jersey Policies:

A report released by the Manhattan Institute argues that a property tax cap has reduced property taxes and school spending in Massachusetts without compromising student performance — and implies that a cap would do the same in New Jersey. In reality, however, a property tax cap in New Jersey is likely to end up reducing essential educational programs and services — as well as other public services, as it has in Massachusetts — and by itself would do nothing to create significant efficiencies.