Category Archives: Politics

Irreparable…

Posted on January 2, 2008 by grim

From the Wall Street Journal: Bush to Revive Push for Housing Remedy By JOHN D. MCKINNON January 2, 2008; Page A2 WASHINGTON — With public sentiment on the economy still sagging, President Bush will make a new push for congressional … Continue reading →

Posted in National Real Estate, Politics | 248 Comments

NJ facing $3b budget deficit.. No new taxes?

Posted on January 2, 2008 by grim

From the AP: New Jersey enters 2008 facing major budget woes With Gov. Jon S. Corzine finalizing plans to increase highway tolls to help solve the state’s chronic fiscal woes, New Jersey enters 2008 with the nation’s third largest budget … Continue reading →

Posted in Economics, Politics, Property Taxes | 11 Comments

NJ Debt: $38 billion

Posted on November 17, 2007 by grim

From NorthJersey.com: N.J.’s debt burden tops $38B A new report shows New Jersey’s record debt is now above the $38 billion mark, a figure Governor Corzine has vowed to slash in half with a yet-to-be disclosed “financial restructuring” plan that … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 6 Comments

Enough with the borrowing!

Posted on November 7, 2007 by grim

From nj.com: Voters to Trenton: Slow down on spending New Jersey voters may have allowed Democrats to retain control of the state Legislature in Tuesday’s elections, but they are sending them back to Trenton with a clear message: slow down … Continue reading →

Posted in Politics | Comments Off on Enough with the borrowing!

Vote early and vote often!

Posted on November 6, 2007 by grim

From NJ.com: NJ votes today on Legislature, state borrowing The future of stem cell research in the state and the makeup of the Legislature for the next two years will be decided by New Jersey’s voters today, Election Day 2007. … Continue reading →

Posted in General, Politics | 246 Comments

Taxing time for NJ home sales

Posted on November 6, 2007 by grim

From the Herald News: Bill lets towns tax sale of homes As the housing market goes ice cold, local homeowners finding few bites on their “For Sale” signs could face a new obstacle — hundreds of dollars in additional taxes … Continue reading →

Posted in New Jersey Real Estate, Politics | 1 Comment

A Subprime Katrina?

Posted on October 4, 2007 by grim

From the Financial Times: Democrats call for mortgage ‘tsar’ Democratic leaders in the US Congress called on Wednesday for the appointment of a “mortgage tsar” to co-ordinate government response to the home loan crisis. Harry Reid, Senate majority leader, and … Continue reading →

Posted in Housing Bubble, Politics | 2 Comments

A luxury tax on vacation homes

Posted on September 27, 2007 by grim

From the Wall Street Journal: Bill Tightens Second-Home Tax Rules By JOHN GODFREY September 27, 2007; Page A8 WASHINGTON — Popular legislation to ease the tax burden on struggling homeowners could hit an unexpected constituency: people with second homes. The … Continue reading →

Posted in National Real Estate, Politics | 1 Comment

A new tax on New Jersey home sales

Posted on September 17, 2007 by grim

From NJBIZ: Battling a New Levy On Home Sellers The New Jersey Association of Realtors (NJAR) has launched a $500,000 advertising and information campaign to protest legislation that would allow municipalities to assess their own fees on the sale of … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 3 Comments

“I’ll have my day in court.”

Posted on September 7, 2007 by grim

From the New York Times: 11 Arrested in New Jersey Corruption Inquiry Eleven current or former public officials, including two members of the State Assembly, were charged Thursday with taking thousands of dollars in bribes in exchange for promising municipal … Continue reading →

Posted in Politics | 7 Comments

Where o’ where will we find $7b?

Posted on August 10, 2007 by grim

From the Record: Cost to fix N.J. bridges: $7B It will cost up to $7 billion to fix hundreds of deteriorating bridges throughout New Jersey, Governor Corzine said Thursday. Findings from an interim report by the state Department of Transportation … Continue reading →

Posted in Politics, Property Taxes | 3 Comments

“Why does it cost $6,000 more per year to educate my child?”

Posted on July 24, 2007 by grim

From the Record: Hearing on River Dell breakup draws 500 An overflow crowd of 500 residents attended a public hearing Monday night on a proposal to dissolve the River Dell Regional School District, a sign that the issue has struck … Continue reading →

Posted in Politics, Property Taxes | 3 Comments

“Trenton Makes, the World Takes”

Posted on July 24, 2007 by grim

From the APP: Corzine’s global warming initiatives just smoke and mirrors With Al Gore watching, Gov. Corzine signed the Global Warming Response Act into law earlier this month. That makes New Jersey the third state, following California and Hawaii, to … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 7 Comments

Gimmicks, robbery, and “financial ruin”

Posted on July 16, 2007 by grim

From the Home News Tribune: Proposed sale of toll revenue nothing short of highway robbery In one of New Jersey’s most elaborate fiscal gimmicks since Gov. Jim Florio had the state sell itself a portion of a New Jersey highway … Continue reading →

Posted in Politics | 6 Comments

“[H]e chose to cheat the people of Newark and the citizens of New Jersey.”

Posted on July 13, 2007 by grim

From the New York Times:

Posted in Politics | 4 Comments