NJ town told to cut property taxes

 Gov. Chris Christie's administration has told a New Jersey town to cut its property taxes by $500,000.
Christie tells radio station New Jersey 101.5 FM he asked his Community Affairs Department to investigate after callers to the station's recent "Ask The Governor" program complained about their taxes in Monroe Township.
Christie says the township had exceeded his 2 percent property tax cap by $530,000.
The average taxpayer's bill will be reduced by an estimated $25.
The Star-Ledger of Newark reports township business administrator Wayne Hamilton issued a statement acknowledging the mistake and willingness to correct it.
The average property tax bill in the Middlesex County town was $6,259.81 last year, up 1.4 percent from 2010.