Category Archives: Politics

Bush budget to hurt NJ?

From the Home News Tribune: Bush budget splits N.J. delegation The $2.9 trillion budget President Bush released Monday would hurt New Jersey by cutting money for homeland-security grants, eliminating college Perkins Loans and scaling back home-heating assistance used by 165,000 … Continue reading

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Political Mathematics 101

From the Asbury Park Press: Tax cut plan not creditable New Jersey property taxpayers are being promised what Assembly Speaker Joseph J. Roberts Jr. this week called a “double dose of property tax relief and reform.” Don’t expect that double … Continue reading

Posted in General, Politics, Property Taxes | 5 Comments

Just how fast will they squander the money?

From the Trentonian: Paying down the debt or a one-time budget fix? In 1949, when state lawmakers were selling the idea of a toll road to be called the New Jersey Turnpike, the grand promise was that the tolls would … Continue reading

Posted in Politics, Property Taxes | 8 Comments

Tax reform hardly “amazing”

From the Philly Inquirer: N.J. Property-Tax Reform It’s amazing what a lockdown can accomplish. Democratic leaders put the New Jersey Assembly “under call” Monday, meaning members couldn’t leave the Statehouse or abstain from voting. Speaker Joseph J. Roberts Jr. (D., … Continue reading

Posted in Politics, Property Taxes | 3 Comments

A good day for property tax reform

From the Trentonian: Politicians tackle tax cut plan today Of The TRENTON — Plans that aim to give most New Jersey homeowners a 20 percent property tax cut and hold future property tax increases to 4 percent are expected to … Continue reading

Posted in Politics, Property Taxes | 16 Comments

Protecting our tiny metropolises

From the Philly Inquirer: Tiny N.J. towns are resisting push for them to merge In a state known for its small municipalities, the smallest of the small are two Camden County boroughs that don’t have enough residents between them to … Continue reading

Posted in New Jersey Real Estate, Politics | 18 Comments

Can we sell the state house?

From the Jersey Journal: Corzine considers construction above Secaucus Junction They may not be as lucrative – or controversial – as leasing the New Jersey Turnpike for a century, but the Corzine administration is studying the sale of other state … Continue reading

Posted in Politics, Property Taxes | 4 Comments

Can we afford to lower taxes on low-income residents?

From the Home News Tribune: Income tax adjustment needed for poor families New Jersey is by almost every measure one of the most expensive states in the nation in which to live. That dynamic is especially crippling for the Garden … Continue reading

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How can we cut taxes?

From Bloomberg via the APP: Gov: State faces $2B shortfall Gov. Corzine said a plan to give homeowners a 20 percent reduction in their property-tax bills would lead to an increase in the state’s budget deficit and force cuts in … Continue reading

Posted in Politics, Property Taxes | 7 Comments

Corzine hits the road

From the Times Trenton: Corzine rolls out tax roadshow Just two days after outlining the state’s harsh fiscal realities during his State of the State address, Gov. Jon Corzine took his vision for property tax reform on the road. Corzine … Continue reading

Posted in Politics, Property Taxes | 12 Comments

“Many are not so sure the long-promised reform is coming.”

From NorthJersey.com: Corzine will put tax reform at forefront in State of State Governor Corzine is gearing up to tell New Jersey that he’s done some work to cut property taxes, the highest in the nation, but he is preparing … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 17 Comments

Not a good year for New Jersey taxes

From the Asbury Park Press: New N.J. taxes top other states’ cuts It was a good year for taxpayers in most states. Awash in surplus money from an improving economy, 24 states cut taxes in 2006. Others increased the amount … Continue reading

Posted in Politics, Property Taxes | 5 Comments

Exodus

From the Asbury Park Press: The state falls out of Top 10 The exodus of New Jerseyans for warmer, less expensive climes is likely to cost the state some clout in Washington. New Jersey is still adding residents, but the … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 24 Comments

Little progress seen in Camden

From the Courier Post Online: Camden’s direction up in air The hopeful and the hopeless live side by side all over Camden. Four years after the state government took control of America’s poorest city, it’s hard to tell which way … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 1 Comment

Where is the money coming from Corzine?

From the Asbury Park Press: No stemming state’s debt Gov. Corzine called it a “tremendous” day for New Jersey when he signed legislation Wednesday to borrow $270 million for stem cell research. He got the “tremendous” part right: It will … Continue reading

Posted in Politics | 4 Comments