Minimum wages up – Property taxes up

Oh, you’ll find a way. From NJTV:

How will NJ’s new $15 minimum wage affect local governments?

Middletown has a population of 66,000. The Monmouth County city has horse farms, the beach and Big Mike’s Little Red Store. Middletown Mayor Tony Perry says raising the state’s minimum wage to $15 an hour will have a massive impact.

“We have estimated that over the course of the 5-year phase-in period that the minimum wage is set to evolve over, it has a $750,000 impact on our budget. That’s 1.5 percent of our budget,” said Perry.

Perry says that’s not just for wages but for added Social Security taxes and pension contributions. But how will Middletown pay for it?

“The taxpayers of Middletown can be assured that we’re doing everything that we can, budget meetings every single day about how to confront this mandate from Trenton and decide how we’re going to face it. And I can assure you services are not going to be cut, but we’re going to find a way, the best ways, to address this $15 minimum wage,” he said.

Already one senator, Kristin Corrado, has introduced a bill to restore the exemption, saying, “The new minimum wage law is forcing local leaders to make impossible choices.”

The New Jersey League of Municipalities says it’s unlikely towns and townships and boroughs across the state will raise property taxes because of the 2 percent cap to make up for having to pay higher wages.

“And this is all going to fit underneath that cap. I think what it will do, is it will certainly for some services that have a great deal of interface with the public, such as recreation programs, youth programs, beach badges, it’ll likely increase registration fees. It might result in a decrease in hires or a streamlining of the services,” Cerra said.

This entry was posted in Economics, Employment, New Jersey Real Estate, Politics, Property Taxes. Bookmark the permalink.

68 Responses to Minimum wages up – Property taxes up

  1. grim says:

    How many state and municipal workers are in unions whose union contracts have pay clauses that are indexed to the minimum wage? Minimum wage goes up, their pay goes up, despite the fact that they are likely far above $15?

  2. truesue says:

    Starting pay 14.00 above min wage ….so figure 19.oo bucs to hold a STOP sign ,20.oo to hold a go sign .

  3. grim says:

    Lots of folks seem to think that increasing minimum wage will get people off of medicaid and save money – primarily through households exceeding the medicaid income limits at $15/hr.

    However, this assumes tables are fixed, which they are not. They will be re-indexed to higher wage cutoffs as higher wages ripple through to become higher costs. NJ’s tax-happy model is going to result in everything becoming more expensive, food, rent, services, etc. Thus the income levels associated with poverty rise as well.

  4. Juice Box says:

    How about a millonaires Tax for Middletown?

    Both Bon Jovi and Gov Murphy my neighbors both live in Middletown.

    Here is what they pay in property tax.
    year 2017, two of the highest in the state.

    Bon Jovi ($209,648)
    Murphy ($203,502)

    The Sears (now closed) pays a $360,000 and will be take over by Shoprite.

    Mayor Tony does not think we can squeeze a bit more from the rich?

  5. Bruiser says:

    Grim, 4:49
    Judging by the silence of our elected officials and the media, I’d say they all know, but nobody wants to admit it. If everyone just keeps quiet about it, they can play dumb later when the PW’s are dancing in the streets over their $8/hr wage hike. “Who could have known?” they will all say. “Oh well, those contracts are ironclad. And so are the laws. Looks like higher taxes are on the way…” while the PWs all pull the lever for the a-holes who pushed it through.

  6. D-FENS says:

    After Winning a $15 Minimum Wage, Fast Food Workers Now Battle Unfair Firings
    https://www.nytimes.com/2019/02/12/nyregion/fast-food-worker-firings.html

    New York City’s fast-food industry has served as a laboratory for the nation’s labor movement for the last several years.

    Its workers were the first to stage rallies demanding a minimum wage of $15 an hour. Then, they pressed for changes in the way national restaurant chains set their work schedules.

    Now, they are asking the City Council to shield them from being fired without a valid reason. That protection, the sort of job security that unions usually bargain for, would be a first for a city to provide to workers in a specific industry, labor law experts said.

  7. Fast Eddie says:

    You’re a business owner, government is forcing you to double your biggest expense. What are you going to do?

  8. grim says:

    The SIEU was one of the biggest activists in the push for $15 – one of the most vocal, organizing protests, funding the movement. One of their unspoken goals was to be able to drive unionization of fast food workers, to attempt to grow their own revenue/membership.

    SIEU members were, for the most part, fairly well paid. Their being in the “fight” had nothing to do with directly raising the incomes of their members.

  9. Independent says:

    Some red meat so no matter which party you are a member of you can vilify the other side. Both sides behaving inappropriately but apparently not illegally. Best to read and watch both videos and while many will hate the person in the first video, she is making a point about the system (yes I know, one of her peeps might be getting spanked).

    Second video link is for 60 minutes. Don’t have time for the whole thing, start watching at 13:45

    https://www.nbcnews.com/think/opinion/alexandria-ocasio-cortez-right-about-corruption-congress-ncna975906

  10. Blue Ribbon Teacher says:

    Funny how someone who claims congress is corrupt has no problem advocating for state run economies of scale.

  11. Not Grimsky says:

    Grim,

    Your claim against SIEU is full of sh*t, I figure you had a few drinky poos of your supply. By the way, what is the first rule of business. Don’t do from your own supply.

    SIEU 1199, is the only reason health care employment (nurses, allied health, doctors) in NYC has not gone to the cr4pp3r like in NJ where everyone is per diem as needed and no benefits, and everyone tries to get out of dodge asap. The only reason you don’t notice the shortage is the large amount of cheap immigrant labor replacing it, by the way this has a bearing regarding real estate and where immigrant reside, many mulitgenerational, pulling resources together (inside 287 beltway) vs some young adult graduating from nursing school and trying to start their own life with expenses and the student debt load.

    SIEU 1199 has its problems, but is the only way to beat the big “organize” corporate bastards. And by the way you talk, I figure the only people that can stay here are 25 family members immigrant from New Dehli, living together in a 4 bedroom house all working a Subway franchise they own.

  12. Libturd, can't say I didn't warn you. says:

    Congress is corrupt? You don’t say. So is every single layer of government!

    Speaking of congress, my eyes were opened super wide in the Countrywide scandal. Thousands of members of our federal government participated in this super obvious conflict of interest. And this one only came to the surface due to the housing crisis. I’m sure this is only the tip of the iceberg. I imagine that every DC staffer has a discount on nearly everything.

  13. Juice Box says:

    RIP King Kong Bundy

  14. Juice Box says:

    ROFL.– Can’t pay Gov workers with only $600 a year in taxes.

    “Rep. Alexandria Ocasio-Cortez’s, D-N.Y., mother doesn’t regret moving from New York to Florida in part due to the lower real estate taxes.

    “I was paying $10,000 a year in real estate taxes up north,” Blanca Ocasio-Cortez told the Daily Mail. “I’m paying $600 a year in Florida. It’s stress-free down here.”

    Blanca moved to Eustis, Fla., just before her daughter entered the 2018 Democratic primary race against then-Rep. Joe Crowley in a Bronx- and Queens, N.Y.-based district, a contest she won in one of the biggest upsets in recent political history. ”

    Blanca said living in the Yorktown Heights area of New York was growing too expensive. After her husband Sergio’s death, Blanca said that she was at risk of foreclosing on the house on two occasions. However, she finally struck an arrangement with the bank and avoided an eviction.

    “I was cleaning houses in the morning and working as a secretary at a hospital in the afternoon. I was working from 6 a.m. until 11 p.m.,” she said. “And I prayed and prayed, and things worked out. After the children graduated from college, I figured it was time for me to move to Florida.”

    She decided on Eustis because she had a relative in the area and purchased an 860-square-foot home for $87,000 in 2016. “

  15. GdBlsU45 says:

    I still predict AOC is indicted within two years. Too dumb and desperate to avoid the temptation.

  16. Grim says:

    So why was SEIU a lead player in the $15 movement?

    Why would they spend member dues to gain rights and salary increases for non-members?

  17. grim says:

    Oh, here’s why.

    https://www.washingtonexaminer.com/policy/economy/seiu-slashes-funding-for-15-minimum-wage-movement

    The Service Employees International Union, one of the nation’s most powerful labor groups, last year chopped funding on its push for a $15 minimum wage at fast-food restaurants to the lowest level in four years.

    The union poured $13.3 million into the effort in 2017, down from $14 million in 2016 and as much as $23 million in 2014, according to Labor Department filings. The SEIU has been the main organizing force behind the nationwide push for raising the minimum wage.

    Its not clear why the union has been been cutting back on the funding. Its activism was initially part of an effort to organize workers at fast-food restaurants, which the organizers tried to present as a grassroots effort led by the workers themselves.

    The recently released Labor Department filing indicates that the SEIU gave $3.8 million directly to Fight for $15 and the Fast Food Workers Committee, two of main organizing groups, $2.2 million to outside PR groups such as the firm Berlin Rosen, and $7.3 million to the various regional organizing committees involved in the effort.

    Conservative critics said the drop-off was proof that the SEIU had failed in its initial mission: signing up more members.

    Despite spending tens of millions of dues dollars on the Fight for $15, the SEIU has failed to achieve its true goal: securing new dues-paying members in quick-service restaurants. The union’s desperation is evident in places such as New York City, where the SEIU is pursuing legally questionable schemes to collect dues-like payments from employees,” said Luka Ladan, communications director for the Center for Union Facts.

  18. Juice Box says:

    Grim – you are dead on the Slogan was “$15 and a union” focused on fast food workers.

    Robots will win here they will fail.

    “The SEIU organized an SEIU-affiliated National Fast Food Workers Union at some point in 2017, supporting it with $1.5 million in funds from October through the end of the year; the union reported no members at year end”

    https://www.influencewatch.org/movement/fight-for-15-minimum-wage/

  19. Libturd, can't say I didn't warn you. says:

    I wonder if AI will create a robot union?

  20. Bruiser says:

    Maybe the SEIU can automate & mechanize their protesters. Put that big Rat on a roomba and have it drive around in circles with a bunch of robots painted red carrying colorful signs…

  21. Libturd, can't say I didn't warn you. says:

    What would the signs read? “Keep those machines on?”

  22. 1987 Condo says:

    There is talk about “taxing” robots, perhaps they will pay union dues too. This way the Northeast can still retain the title of high cost of doing business.

    South will be a “no robot tax” area.

  23. grim says:

    Shift to VAT taxation – this would encompass the “value” created by robots.

  24. D-FENS says:

    Rumor has it Murphy will announce plans to up the price of Firearms ID cards to $300 during his budget address this afternoon.

  25. D-FENS says:

    For those who don’t know they’re currently $2.

  26. D-FENS says:

    Sorry $2 for handgun purchase, $5 for FID. Oh, and you’d have to renew them every 4 years (another fee?)

  27. Comrade Nom Deplume, not a Tovarich says:

    Come across the river. The tax savings water is fine.

  28. The Original NJ ExPat says:

    UK ‘p0rn block’ starts April 1 – but you can unlock it by handing over ID or buying £5 ‘p0rn card’

    WATCHING free p0rn in Britain is about to trickier thanks to new rules that aim to protect children from online smut.

    As early as next month, p0rn sites will be required to get proof of ID from UK residents before showing any X-rated clips.

    Change the zero to an o in p0rn.
    https://www.thesun.co.uk/tech/8565486/p0rn-uk-ban-unlock-card/

  29. grim says:

    Property tax on personal property, automobiles, boats, etc.

  30. Fast Eddie says:

    I propose and IQ tax. The lower your IQ, the more you need to pay. It’s only fair.

  31. D-FENS says:

    come back here and fight with us.

    Comrade Nom Deplume, not a Tovarich says:
    March 5, 2019 at 11:26 am
    Come across the river. The tax savings water is fine.

  32. D-FENS says:

    Yes. We think of property taxes in terms of real estate… but some states like Connecticut already tax ownership of many other forms of “property”.

    grim says:
    March 5, 2019 at 11:28 am
    Property tax on personal property, automobiles, boats, etc.

  33. D-FENS says:

    Once taxes like these are in place…they’ll never be clawed back. No matter how many Republicans are voted into office.

    I can see the real estate lobbyists doing battle with the auto dealers lobby over something like this.

    http://www.connecticutmag.com/the-connecticut-story/pay-connecticut-car-taxes-our-ouch-map-hartford-s-bill/article_04fa814e-36cd-5f32-b3ba-0fb9663b47ad.html

    In Connecticut, it’s the community you call home—and its fiscal status—that is the overriding variable determining if you’ll have to fork over $100 or $800 in taxes for the exact same vehicle. And, in a sort of double-jeopardy, motor vehicle tax bills tend to be most gentle in Connecticut’s nicer and most affluent communities and toughest in the larger, more challenged places.

    Many Connecticut legislators have a love-hate relationship with the tax that provides in excess of $600 million in revenue to municipalities that then don’t need to seek that money elsewhere—such as through an increase in property taxes or through a greater demand on state revenue.

    What angers many and fuels calls to change or eliminate the system is the baseline inequity—that where you live decides how much you pay. Motor vehicle taxes are determined by taking 70 percent of the car’s value—also known as the assessed value—and then multiplying that number by the tax rate, which is measured in mills.

    For example, if you have a vehicle valued at slightly more than $17,000 and live in Salisbury—the beautiful, rural northwest Connecticut town where actress Meryl Streep has a home—the resulting tax bill would be $123. The tariff for the same 2013 Honda Civic in Hartford is $897.

    That translates into a 629 percent premium for the Honda Civic just because circumstances have you living in urban Hartford not bucolic Salisbury.

    Why? Because Salisbury’s tax rate is just 10.2 mills but Hartford’s is 74.29 mills. Large cities like Hartford that have a large percentage of property that is not taxable have to make it up by taxing the available property at rates that can be much higher than in other places.

  34. The Original NJ ExPat says:

    Same here in MA, they call it excise tax. The annual excise tax for cars and trailers is $25 for every $1,000 of value. $10 for every $1,000 of value for boats. That’s still a deal because our property taxes are a real bargain.

    You also have to pay $40 for car inspection each year.

    Yes. We think of property taxes in terms of real estate… but some states like Connecticut already tax ownership of many other forms of “property”.

  35. The Original NJ ExPat says:

    Two things I wish you could find out about cars:

    1. As they go from owner to owner I wonder what the cumulative sales and excise tax is per, let’s say, $25,000 of new car value.
    2. I think it would be really cool if you could map the migration of vehicles. Do they all end up for their final year of registered life in zip codes, or even states, where you would rather not live?

  36. chicagofinance says:

    I thought they called it 15″ in your end……

    The Original NJ ExPat says:
    March 5, 2019 at 12:23 pm
    Same here in MA, they call it excise tax.

  37. XRumerTest says:

    Hello. And Bye.

  38. D-FENS says:

    Saikat Chakrabarti and his Justice Democrats are said to be behind Ocasio-Cortez’s primary win and current social media prowess. Chakrabarti also directed social-media tech for Democratic Sen. Bernie Sanders’ 2016 presidential campaign.

    He’s been rewarded with her Chief of staff role.

    Chakrabarti is the guy.

    https://nypost.com/2019/03/02/ocasio-cortezs-chief-of-staff-might-have-broken-campaign-finance-laws/

    now this…

  39. Libturd, can't say I didn't warn you. says:

    I just watched the beginning of Corzine’s budget address. He think’s he is in a rock band. What a complete dweeb.

    http://nj1015.com/gov-murphy-delivers-2020-budget-address-watch-live-at-2-p-m/

  40. Blue Ribbon Teacher says:

    I think I might opt to buy some Starbucks stock today. Every day, after school, I sit in Starbucks for my first tutoring. The place is always filled…not a single seat empty. It’s 2:30. Anyone that doesn’t have a job is here. And anyone that does have a job, is still here. It doesn’t matter which one I go to.

  41. Libturd, can't say I didn't warn you. says:

    I meant Murphy. Corzine was there too as well as the whole parade of terrible Dem governors all the way back to Florio.

  42. Libturd, can't say I didn't warn you. says:

    BRT,

    And the profit margin is up the wazoo!

  43. Juice Box says:

    Front page of Pravda today.

    For the fourth time in five months, the number of migrant families crossing the southwest border has broken records, border enforcement authorities said Tuesday, warning that government facilities are full and agents are overwhelmed.

    https://www.nytimes.com/2019/03/05/us/border-crossing-increase.html?action=click&module=Top%20Stories&pgtype=Homepage

  44. chicagofinance says:

    It is already in the stock price….. find some angle that is not readily apparent… that is an angle to invest in…..

    Blue Ribbon Teacher says:
    March 5, 2019 at 3:13 pm
    I think I might opt to buy some Starbucks stock today. Every day, after school, I sit in Starbucks for my first tutoring. The place is always filled…not a single seat empty. It’s 2:30. Anyone that doesn’t have a job is here. And anyone that does have a job, is still here. It doesn’t matter which one I go to.

  45. chicagofinance says:

    Look….. trailing P/E of almost 32x…. fcukin expensive…

    https://finance.yahoo.com/quote/SBUX?p=SBUX&.tsrc=fin-srch

  46. Blue Ribbon Teacher says:

    I’m not actually buying. Just ranting…

  47. joyce says:

    Gov Murphy “Our public workers are not the enemy, they are our neighbors. They are also taxpayers. They are the heart of our middle class. It is not pandering to stand with them — it is doing our jobs.”

    That’s the problem, Gov. Well, one of the many problems.

    Libturd, can’t say I didn’t warn you. says:
    March 5, 2019 at 2:51 pm
    I just watched the beginning of Corzine’s budget address. He think’s he is in a rock band. What a complete dweeb.

    http://nj1015.com/gov-murphy-delivers-2020-budget-address-watch-live-at-2-p-m/

  48. The Great Pumpkin says:

    For bystander.

    “More evidence of shrinking middle-class as US economy’s inequality deepens. Gap’s clothing sells badly while its cheaper subsidiary, Old Navy, soars. “Economic recovery” from 2008’s collapse was/is fake news pushed by the 1% to fool the 99%.”

  49. Comrade Nom Deplume, successfully avoiding NJ taxation for over 8 years and counting says:

    My NJ buds are mad at me for my full-throated support of Murphy and his tax everything agenda.

    NJ should tax, tax, tax. Tax it all. Yes, I believe that.

  50. Comrade Nom Deplume, still beating feet from taxes says:

    “D-FENS says:
    March 5, 2019 at 11:55 am
    come back here and fight with us.

    Comrade Nom Deplume, not a Tovarich says:
    March 5, 2019 at 11:26 am
    Come across the river. The tax savings water is fine.”

    The only way to beat tax increases is to vote. With your feet. That is the only vote that matters in this realm. It takes time but it does work.

  51. leftwing says:

    Chi, Red should be OK. They would need a series of events to occur that in combination are fairly unlikely.

    Basically, if they don’t win the conference AND someone other than Quinnipiac or Clarkson, or Harvard does AND three other conferences are won by teams ranked lower than 16 then there’s an issue.

    Personally I believe OSU (ranked 7) will not take the Big10, but if Penn State (15) or ND (16) does it shouldn’t really affect Red. Michigan (24) or Minnesota (21) would be a problem and either can (and has) beaten OSU, but they play against eachother in the first round so the likelihood of them actually facing OSU is decreased.

    The WCHA has a similar probability of having a sub-16 team in the conference winner seat.

    After that, it occurring in another conference becomes less likely and, keep in mind, all of the above would have to cumulatively happen. Red should be safe…

    Good writeup below. As a numbers guy push through to the probability link. You hitting Placid?

    https://www.collegehockeynews.com/news/2019/03/05_Bracket-ABCs-Pre-Playoff.php

  52. The Original NJ ExPat says:

    lw – I bought another 500 shares of CELG last Wednesday in the after-hours session @ 82.80 after the Wellington news came out.

  53. The Great Pumpkin says:

    Two interesting comments from this article.

    “”Economists say the shortfall was fueled, ironically, by another Trump administration policy: tax cuts and spending increases”

    The other way of saying this is Trump’s tax policies bankrupt the Treasury via $1T deficits in the middle of an economic “boom” so consumers and business buy more imported items.

    AKA, take money away from US and give to foreigners.

    Well done Trump.”

    “Or another way to look at it is we exchange fiat currency (which we print out of thin air) for real goods. Goods that were extracted from other countries natural resources, manufactured using labor at wages and conditions far below what Americans are willing to accept in order to support our “highest quality of life in the world” living standards.

    Remember, debt is only a problem when you run out of credit. At what point does the world’s only super power run out of credit?

    Put another way. Does it really matter how much debt the school yard bully has run up from “borrowing” lunch money?

    Now we as Americans don’t want to see ourselves as the school yard bully, but that is the economic reality. Those that don’t like it need to realize that, there will always be an economic school yard bully, always. We have the luxury of choosing if we want to be the bully or the victim.

    Trust me you do not want to be the victim, no matter how bad the left wants us to be.”

    https://www.wsj.com/articles/december-2018-trade-data-from-u-s-commerce-department-11551877494?mod=hp_lead_pos1#comments_sector

  54. it amc dubai says:

    Asking questions are in fact good thing if you are not understanding anything fully,
    except this post provides good understanding yet.

  55. leftwing says:

    Ex, nice.

    Someone on here has been a long time CELG owner, IIRC it’s you. If not, please don’t follow my lead on this trade without your own analysis.

    Anyway, I was tempted to come in and reload at that level, held out. I have room as I did dump my long calls a couple weeks ago, the gain as a % was just too large, would have felt stupid if something happened. Still have shares bought on the merger announcement.

    I may still come in on more shares….my initial buy was based on the spread between the deal price and the CELG share price, not the absolute value of CELG shares. Merger consideration is BMY + $50 (plus some CVRs I valued at zero for analytical purposes). I got in with about a $35 spread, earlier this morning it was $33.

    That’s really tempting…All other things constant I’m making $17 on $86 in six months, end of year maybe. Or looking at it differently if share prices move around, provided the merger closes I’m buying BMY today at $36 while it’s trading at $53. Nice discount or cushion for a market leg down.

    All this requires the acquisition to actually close. The gap to deal consideration, and it’s contraction, is telling you the market is skeptical that it does. In which case getting in CELG at these levels may just leave one with steaming bag of poo.

    We’ll see.

  56. Zack says:

    Hi, I was thinking of buying an investment property in Bayonne for buy and hold for the next 10 years. Condominium.
    Any thoughts on Bayonne for appreciation?
    Thanks

  57. The Great Pumpkin says:

    I would think that would be a positive move for the long-term, but it’s risky. Bayonne is so close to NYC, yet so far away. They are getting the new ferry service, but you have to hope for more options to drive up prices in that location. If they end up adding some transportation options that increase the speed to NYC, that real estate purchase will end up being a winning lottery ticket.

  58. Juice Box says:

    Pumps – You can buy a 1 br condo in Bayonne for $59k.

    Pocket change. You should buy 20 at that price.

  59. chicagofinance says:

    Why do people equate money with everything? If you are receiving the same pay in fewer hours worked, isn’t that a raise? What is the big fcuking deal? Is people’s personal time without value? The article says that some people are working their paid time off to fill their schedule to the same amount of hours they had worked previously. Such a decision is a personal choice. Why should Whole Foods or Amazon be vilified?
    The writer makes it sounds like a sacrifice….. why?

    Juice Box says:
    March 6, 2019 at 3:55 pm
    Unintended consequences of $15 an hour minimum wage.

    https://www.theguardian.com/us-news/2019/mar/06/whole-foods-amazon-cuts-minimum-wage-workers-hours-changes

  60. The Great Pumpkin says:

    Lmao….

    Too risky for my blood.

    Juice Box says:
    March 6, 2019 at 3:53 pm
    Pumps – You can buy a 1 br condo in Bayonne for $59k.

    Pocket change. You should buy 20 at that price.

  61. The Great Pumpkin says:

    Chi,

    You nail it!

    It’s hilarious that people are making the same money with less hours and complaining about it. Human nature….people love to complain.

  62. 1987 says:

    I think people “thought” they were going to see more income as a result of the minimum wage increase and an increase in their living standard, woops

  63. The Great Pumpkin says:

    God bless, Murphy.

    Read up on his budget, and hats off to the guy. A billion dollars in savings?! Fat a$$ Christie with all his yelling and screaming couldn’t achieve that. That’s a lot of money.

    He also budgeted for a billion dollars to a rainy day fund. Man, what is there to complain about? When is the last time that happened?

    Yes, he is getting creative with all these new taxes, but do you understand why? He doesn’t want to rely on property taxes anymore. He is slowly trying to shift the burden away from property taxes and towards new revenue sources.

    I didn’t realize he was doing such a good job. Until I started digging around to see what this budget is about did I realize this.

  64. joyce says:

    Exactly

    1987 says:
    March 6, 2019 at 6:05 pm
    I think people “thought” they were going to see more income as a result of the minimum wage increase and an increase in their living standard, woops

  65. ExEssex says:

    Harley-Davidson has been teasing environmentally conscious bikers with its electric LiveWire motorcycle since 2014. Now, with the bike set to ship this fall, the company has revised its original specs. At the Geneva Motor Show this week, Harley announced that LiveWire will go 30 miles farther than we initially thought.

    Previously, the company claimed the bike would have a city range of 110 miles. Now, Harley says, it’s good for 140, and it’ll have a mixed range rating of 88 miles, for those who occasionally zip onto the highway. While those numbers don’t beat Harley’s main competition yet, they’re still a welcome improvement.

    Harley’s first electric bike will be faster than we thought, too. We knew the bike could accelerate from 0-60 mph in three seconds, but now, Elektrek reports the jump from 60 to 80 mph will take less than two seconds. You won’t have to wait long for a charge, either. The battery will go from zero to 100 percent in 60 minutes, thanks to Level 3 DC fast charging — and according to Elektrek, all Harley dealers who carry LiveWire will have Level 3 chargers on site.

    The LiveWire will still run you close to $30,000, though, but for anyone who’s been tracking this, that’s not a surprise. If it’s not in your budget, Harley also has an electric scooter and dirt bike in the works, and those will presumably be easier on the pocket.

  66. Juice Box says:

    re:ExEssex – back when peak oil was a thing, (where did it go?) it was electric buses and electric bikes (aka motorcycles) that were the investment rage.

    I would say there is more dinosaur juice in the ground than most realize…

    I ain’t giving up my bike…

  67. chicagofinance says:

    I think people HAVE RECEIVED and an increase in their living standard, but NOT BECAUSE THEY see more income as a result of the minimum wage increase.

    1987 says:
    March 6, 2019 at 6:05 pm
    I think people “thought” they were going to see more income as a result of the minimum wage increase and an increase in their living standard, woops

Comments are closed.