Category Archives: Politics

89% of NJ households paid less taxes

From the Star Ledger: Tax Day 2019 more taxing for 400K N.J. households, thanks to Trump law If you saw your taxes go up under the Republican tax law that limited your property tax break, you weren’t alone. In fact, 411,809 New … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 58 Comments

Paid less taxes, nobody cared

From the NYT: Face It: You (Probably) Got a Tax Cut If you’re an American taxpayer, you probably got a tax cut last year. And there’s a good chance you don’t believe it. Ever since President Trump signed the Republican-sponsored … Continue reading

Posted in Economics, Politics, Unrest | 29 Comments

I dip, you dip, we dip

From the APP: NJ double dippers: At least 64 public employees make more than Murphy It’s common for people to have a side hustle to make some extra cash. Then there are those who have many extra jobs. Working for the … Continue reading

Posted in New Jersey Real Estate, Politics, Unrest | 161 Comments

A new tax for property owners

From the Star Ledger: The controversial ’rain tax’ bill designed for N.J. flood defense has been signed into law  Local authorities in New Jersey now have a new tool to manage stormwaters and flooding. Gov. Phil Murphy on Monday signed into law … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 78 Comments

Shore Uprising

From the NYT: ‘Airbnb Tax’ in N.J. Opens New Front in Battle Over Internet Economy The Jersey Shore, a storied summer vacation spot, has become the newest national battleground over regulating and taxing the internet economy. New Jersey is one … Continue reading

Posted in Demographics, Economics, Politics, Shore Real Estate | 78 Comments

Fiscal … Death … Spiral

From the Star Ledger: N.J. is in a ‘fiscal death spiral’ and Murphy call for new tax on millionaires isn’t the answer, top Democrat says  New Jersey’s Democratic state Senate president, who is steadfastly opposed to the Democratic governor’s call … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 17 Comments

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 … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics, Property Taxes | 68 Comments

Did we elect the wrong guy?

From the Star Ledger: Steve Sweeney’s winning the war with Governor Murphy over taxes Last June we had a fight on taxes in the state budget. On one side was Gov. Phil Murphy. He wanted to raise the income tax … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 21 Comments

In the old days, we’d have had a rebellion

No worries people, Murphy is on the job. He’s mad and he’s making phone calls. From the Star Ledger: ‘This is a big deal’: Murphy joins growing effort to restore your property tax deduction They’ve gone to court. They’ve spoken … Continue reading

Posted in Economics, Politics, Property Taxes | 12 Comments

Thank Trump for fixing NJ’s property tax issue

From CNBC: One surprising way to beat the SALT deduction cap: Move to a nearby town A few years ago Dawn Donaghy and her husband, Raymond, made a decision that many residents in high-tax states make. They wanted to move. … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 110 Comments

Stop making sense

From the APP: Making NJ competitive will do more than $15 minimum wage New Jersey routinely places at or near the bottom in almost every economic analysis of states in America. It’s one of the worst places in the country … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 21 Comments

Uh oh.

From the Star Ledger: N.J. revenues continue to slump, and Trump tax reforms are blamed New Jersey’s state budget is really feeling the effects of the federal tax reform hangover now. Last month, Gov. Phil Murphy’s administration warned tax revenues were … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics, Property Taxes | 105 Comments

Thank goodness Cuomo’s our governor … wait

From Newsday: Cuomo to meet with Trump to seek end of cap on SALT deductibility Gov. Andrew M. Cuomo said he is scheduled to meet with President Donald Trump on Tuesday to press his effort to overhaul Trump’s tax plan, which … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 108 Comments

$15 here we come

From the Star Ledger: N.J. minimum wage set to rise to $10 in July and $15 by 2024 after big votes The Democrat-controlled state Legislature on Thursday gave approval to an historic increase in New Jersey’s minimum wage to $15 … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 73 Comments

Shore only for the rich

From the Star Ledger: New rental tax worries some shore renters, homeowners A new tax in New Jersey on short-term lodging such as Airbnb rentals is rattling some property owners and renters who worry that it could deal a blow … Continue reading

Posted in Politics, Property Taxes, Shore Real Estate, Unrest | 29 Comments