Category Archives: Politics

Why NJ is f*cked

Posted on September 10, 2019 by grim

From the Star Ledger: N.J. is facing a $1.2B public-worker pension time bomb In the waning days of his administration, Gov. Chris Christie left his successor Phil Murphy a parting gift, of sorts. For years, New Jersey had assumed its public pension fund would … Continue reading →

Posted in Economics, Politics, Property Taxes, Unrest | 85 Comments

Will Murphy own this?

Posted on August 16, 2019 by grim

From InsiderNJ: GSI Analysis: NJ’s Workforce and Revenue Results Are True Indicators of the State of Our Economy “While a declining unemployment rate is good news, our workforce remaining below 2008 levels is one sign there’s more than meets the … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 42 Comments

We are so f&cked

Posted on August 8, 2019 by grim

From NJ Spotlight: AS MURPHY TAKES BOW FOR RECORD LOW UNEMPLOYMENT, CRITICS FEAR FUTURE SHOCK How much have Gov. Phil Murphy’s policies to do with the state’s unemployment rate, which recently dropped to the lowest level on record? A whole … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 42 Comments

No impact?

Posted on August 5, 2019 by grim

From NJ1015: NO MELTDOWN: NJ HOME VALUES RISE, DESPITE FEARS OF TAX LAW When federal tax law was changed a year and a half ago, alarms were rung by the real-estate industry warning it would be a gut punch to … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 248 Comments

To hell with local rule?

Posted on July 23, 2019 by grim

Important enough to make the main page, from Curbed: Cory Booker and Elizabeth Warren want to force cities to adopt YIMBY policies. Can they? The state of Oregon has effectively banned single-family zoning. Minneapolis upzoned nearly the entire city, 75 percent of … Continue reading →

Posted in National Real Estate, New Development, Politics | 72 Comments

Murphy bribes voters to get his millionaire tax

Posted on June 20, 2019 by grim

From the Star Ledger: Is a one-time $125 property tax credit really worth that much? Well, it would be a good start, Murphy insists. Admittedly, a one-time $125 property tax credit for two million residents of the state with the … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 90 Comments

Burn it all down

Posted on June 18, 2019 by grim

From the Philly Inquirer: N.J. task force: Norcross-linked firms benefited from behind-the-scenes lobbying A special task force appointed by New Jersey’s governor to investigate the state’s multibillion-dollar tax-credit programs released an extensive report Monday evening, finding that two powerful brothers – lawyer … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 92 Comments

IRS closes SALT loophole

Posted on June 16, 2019 by grim

From Accounting Today: It’s over: States lose fight against SALT deduction cap New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was included in the 2017 Republican tax … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 33 Comments

Train town prices go poof

Posted on June 14, 2019 by grim

From Bloomberg: NJ Transit Train Delays Hit a Record After the Governor’s Pledge to Fix Them New Jersey Transit commuter trains have hit their worst on-time and reliability records in the 18 months since Governor Phil Murphy promised to overhaul … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC, Politics | 70 Comments

Everyone Hates Murphy

Posted on June 8, 2019 by grim

From the Observer: NJ Politics Digest: Legislature Reportedly Prepared to Override Murphy’s Veto The state legislature could deal Gov. Phil Murphy an embarrassing rebuke, overriding his veto of a bill to force dark money groups—like the one supporting his progressive … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 33 Comments

So absurd it needs to be reposted

Posted on May 16, 2019 by grim

From SportsTalk: Paterson, NJ Developers Think An Arena Can Help Save A Struggling Shopping Mall Sports as an economic generator in Paterson, NJ?  It doesn’t appear that any sports league is looking to put a team in Paterson, New Jersey. … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Politics | 99 Comments

What’s driving gross income tax increases?

Posted on May 15, 2019 by grim

From the Star Ledger: N.J. income taxes rolling in like never before. Now Dems will fight over what to do with all that extra cash.  New Jersey’s income tax collections came roaring back in April, surprising state leaders and cracking … Continue reading →

Posted in Economics, Employment, Politics, Property Taxes | 63 Comments

Policy has repercussions

Posted on May 14, 2019 by grim

From ROI-NJ: GSI forum offers some ‘uncomfortable truths’ of doing business in N.J. State Sen. Declan O’Scanlon was measured in his tone but precise in his words. Speaking at Garden State Initiative’s second annual Economic Policy Forum on Thursday in New … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate, Politics | 52 Comments

Overhauled? Shut it down.

Posted on May 13, 2019 by grim

From the Star Ledger: The EDA gave tax breaks to a predatory lender, group says. That’s why the state agency needs to be overhauled. Last week, corporate whistleblower Kerrie-Ann Murray testified that her former employer falsified payroll paperwork to facilitate a … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 48 Comments

Faster foreclosures come to NJ

Posted on April 30, 2019 by grim

From the Star Ledger: Murphy hopes these new laws will put an end to N.J.’s dubious distinction as the nation’s leader in home foreclosures Gov. Phil Murphy signed a package of measures into law Monday that aim to prevent New Jersey from … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate, Politics | 152 Comments