Category Archives: Politics

Will it work?

Posted on March 1, 2018 by grim

From Bloomberg: New Jersey Senate Passes Charitable Tax Workaround New Jersey residents might be able to avoid federal deduction limits on property taxes by converting them to a charitable contribution under a proposal the state Senate approved Feb. 26. S.B. … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 146 Comments

Fulop – From Darling to Demon

Posted on February 25, 2018 by grim

From the Jersey Journal: Jersey City residents protest tax reval: ‘You’re taking our homes away from us’ Dozens of Downtown residents protested outside City Hall today to call attention to exorbitant tax increases they could see as a result of … Continue reading →

Posted in Economics, Gold Coast, Politics, Property Taxes | 25 Comments

Governor who?

Posted on February 21, 2018 by grim

From NJ Spotlight: SWEENEY FORGES AHEAD WITH STATE TAX POLICY REVIEW, NO INPUT FROM MURPHY TEAM Major changes to the federal tax code recently enacted in Washington, D.C. may have significant and unexpected impact on the state economy, according to … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 67 Comments

NJ’s tax scheme … will fail

Posted on February 16, 2018 by grim

From the Star Ledger: Here’s how N.J. lawmakers propose to save your property tax break The state Senate began its work Thursday devising a way to prevent New Jersey taxpayers from losing a popular property tax break as a result … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 167 Comments

Net net … nothing?

Posted on February 9, 2018 by grim

From the Washington Post: Predictions of a crash in housing prices have not come true Were fears overblown that changes to the federal tax law would trigger plunging home values? You might recall the scary predictions that began coming last … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, Politics | 213 Comments

Taxing to fix the tax problem

Posted on January 26, 2018 by grim

From City Journal: New Jersey’s Tired Tax Tricks “New Jersey needs tax reform to guarantee relief from soaring taxes.” That was the plea Brendan Byrne, a Democratic former governor of the Garden State, made 43 years ago to a group … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 157 Comments

Looks like we got a loophole

Posted on January 24, 2018 by grim

From Bloomberg: State Tax Workarounds Could Mean $154 Billion Lost to Treasury New York state lawmakers could punch a $50.6 billion hole in the federal government’s budget by revamping their state income tax. If California followed the same approach, its … Continue reading →

Posted in New Jersey Real Estate, NYC, Politics, Property Taxes, Unrest | 88 Comments

So what’s this all mean for fifteen?

Posted on January 18, 2018 by grim

From the Washington Post: Minimum wage, sick leave, ethics top Murphy’s agenda Democratic New Jersey Gov. Phil Murphy spent his first full day on the job Wednesday rallying for a $15 minimum wage and statewide paid sick leave, holding a … Continue reading →

Posted in New Jersey Real Estate, Politics, Unrest | 185 Comments

The death spiral continues

Posted on January 17, 2018 by grim

From the Star Ledger: Ex-N.J. attorney general.: How Murphy can make state more affordable It’s become a ritual of gubernatorial transition in New Jersey: the incoming governor expresses “shock” at the dismal state of New Jersey’s finances, thus setting up … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Unrest | 107 Comments

Make NJ Cool Again

Posted on January 16, 2018 by grim

From the APP: Phil Murphy wants to spark NJ economy, but how? New Jersey’s economy looks far different than it did when the Great Recession struck a decade ago, but its long-standing problems are firmly in place, academic and business … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Politics | 87 Comments

NJ Democrats face existential crisis

Posted on January 15, 2018 by grim

From the Star Ledger: Democrats take control … of empty treasury | Moran After Gov. Chris Christie hands off to Phil Murphy in two days, liberals in New Jersey will be unleashed to do as they please, with unchecked power … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics, Unrest, Where's the Beef? | 59 Comments

Pyrrhic victory?

Posted on January 9, 2018 by grim

From the Star Ledger: N.J. Legislature clears way for $5B in Amazon tax breaks The state Legislature on Monday embraced Gov. Chris Christie’s plan to offer Amazon $100,000 per job it creates should it build its sought-after second headquarters in … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Politics | 88 Comments

Parting shot or return to ugly reality?

Posted on January 8, 2018 by grim

From Pensions and Investments: Fiscal woes greeting N.J. governor New Jersey’s Republican state treasurer sharply reduced the New Jersey Pension Fund’s assumed rate of return, producing a financial and political dilemma for Gov.-elect Phil Murphy, a Democrat, who will be … Continue reading →

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

Loopholes and tax cuts

Posted on January 1, 2018 by grim

From the NYT: Democrats in High-Tax States Plot to Blunt Impact of New Tax Law Democrats in high-cost, high-tax states are plotting ways to do what their states’ representatives in Congress could not: blunt the impact of the newly passed … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 120 Comments

Stick it to Trump by paying early?

Posted on December 28, 2017 by grim

From the Star Ledger: Christie orders N.J. towns to accept 2018 property tax prepayments New Jerseyans rushing to their town halls this week in hopes of immediately paying next year’s property tax bills before the new federal tax law kicks … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 86 Comments