A New Jersey company has created a program that rewards residents who shop locally with rewards that are credited to their property tax bills.
Here’s how the card works: when taxpayers shop at participating businesses, they swipe their PTC card. Credits accrue based on a percentage of the amount spent; the result is a corresponding reduction on their annual property tax bill. The actual percentage that each participating business agrees to contribute towards the program varies – percentages range from 1% to a whopping 32% (that would be Papa John’s) though most percentages hover around 10%.
Could it work in Newton?