Topics in Brief
A Community Bulletin

Matthew Wasserman, Senior Manager of Innovation Systems Design and Management at Church & Dwight Co., will address “Sustainability in the Business Community” at the Princeton Regional Chamber of Commerce Business Before Business Breakfast on Wednesday, August 20 at the Princeton Theological Seminary, Cooper Conference Center at the Erdman Center, 20 Library Place. Signs on Library Place will advise attendees where to park. The meeting will begin with registration and networking at 7:30 a.m., followed by the program. It will adjourn at 9:15 a.m. Cost to attend is $20 for Chamber members and $30 for non-members. Reservations can be made at www.princetonchamber.org or by calling (609) 924-1776.

U.S. Representative Rush Holt (N.J.-12), U.S. Senator Robert Menendez, N.J. Governor Jon Corzine, and Ewing Council President Bert Steinmann will gather at the Rossmoor Senior Community home of Herb and Susan Junker at 221 Nancy Lane (near Wingville Road) on Wednesday, August 20, at 11 a.m., to discuss a new federal property tax relief initiative that Mr. Menendez and Mr. Holt included in the American Housing Rescue and Foreclosure Prevention Act of 2008, which passed Congress in July and has since been signed into law. The new property tax deduction will benefit homeowners who do not itemize on their Federal tax returns. Under the law, single-filing property taxpayers will be able to take an additional standard deduction of $500 and joint filers will be able to deduct $1,000 for state and local property taxes paid or accrued. More than 30 million homeowners, including 600,000 in New Jersey, currently do not benefit from property tax deductions. This includes elderly homeowners who no longer itemize in order to receive a mortgage interest deduction but are still subject to high property taxes.

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