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NJGOP Chairman Steinhardt: Murphy’s ‘Progressive Idealism Is Sucking The Economic Life’ Out Of NJ

the staff of the Ridgewood blog

Trenton NJ, New Jersey’s year-over-year job growth declined to its lowest point since 2011 according to figures released by the U.S. Bureau of Labor Statistics. New Jersey’s annual job growth is now at less than one percent.

Last week Governor Murphy proposed growing the size of state government by over a billion dollars in his annual budget address.

“Sobering statistics on New Jersey’s shrinking economy keep stacking up,” said NJGOP Chairman Doug Steinhardt. “The state of New Jersey is on the path to insolvency and Governor Murphy’s progressive idealism is sucking the economic life out of it. Job killing programs like mandated wages, Obamacare fines, corporate tax hikes and billion dollar tax increases are taking a devastating toll on New Jersey’s economy, leaving struggling families with no where to turn.”

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New Jersey Voters Get What they wanted Higher Taxes and a Less Prosperous State

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the staff of the Ridgewood blog

Ridgewood NJ, Tax revenues are up 2.9% over prior year , but a  7.2% increase is needed to fund existing and new spending programs. Sales tax and Corporate Business Tax grew above projections (corporate tax revenues 47% higher than prior year).
So the target for tax increases will again be the Income Tax. Last year, the state passed a multi-millionaires tax, so that card has already been played.

At the current growth rate as detailed in that legislative services report, and not accounting for higher revenues in the second half of the fiscal year, the state would fall about $5 billion short of the $33.5 billion in major revenues certified by the governor. The Treasury Department declined to say what its current projection for the end of the year is, but the ratings agency S&P Global Ratings said it calculates a $740 million shortfall if the trend continues.

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Minimum Wage: Urgent Concerns Of Small Business Community Not Heard

the staff of the Ridgewood blog

Ridgewood NJ, NJBIA President and CEO Michele N. Siekerka issued the following statement regarding the Assembly and Senate passage of the $15 minimum wage bill (A-15/ S.15) today.

“New Jersey’s small business community wrote thousands of letters to our lawmakers and testified how they will struggle, stagnate or fail when this legislation is signed by the governor. With today’s passage, the urgent concerns of this community have not been heard.

“For years, NJBIA has said any increase in the minimum wage should be done responsibly. This legislation falls woefully short of that standard, and our small businesses will bear the brunt of it. In the first year alone, they will see a 35 percent increase to their expenditures, when including increased payroll taxes as a result of the wage increase.

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$15 minimum wage = Layoffs, reduced hours, benefit cuts and automation

the staff of the Ridewood blog

Ridgewood NJ, “The democrats (and RINO Republicans) in the New Jersey state legislature have done everything they could to hurt the economy and businesses of New Jersey.

With uncompetitive business taxes and regulations, they now are adding to the dilemma with a $15 minimum wage,” NJ C-GOP president Paul Danielczyk stated.“Businesses are fleeing New Jersey to business-friendly states, and this legislation will add to that exodus, especially hurting small mom and pop businesses who cannot absorb this increase,” Danielczyk said.             

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Opinion: People are leaving New Jersey, and it’s not hard to know why

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file photo by Boyd Loving


Assemblymen Kevin J. Rooney and Christopher P. DePhillips represent parts of Bergen, Essex, Morris and Passaic counties in the 40th Legislative District.

Wyckoff NJ, New Jersey has ranked as the highest outbound state since 2012.  In other words, our state had the highest percentage of people moving out versus moving in compared to the other 49 states.

Even as the economy is doing better nationally, our state is lagging behind – and people are taking notice.

An annual survey by a national moving company, which recently released its 42nd report, found that twice as many people left our state than came last year.  The embarrassing streak should be a cause for concern, because the people who are leaving can afford to, and the people who are staying are paying the price.

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Readers Point Out the Obvious About Ridgewood and New Jersey Taxes

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“With the declining tax base, who is going to pay for all of these excessive salaries and benefits (platinum health care, very generous pension & unused sick leave payouts) negotiated in bad faith by the public sector unions ?”

“States with lower state & local taxes make much more sense for businesses to invest given the SALT deduction limits of $10,000 on their employees hurt them in high tax states like NJ.”

“The average residential property tax in Ridgewood is actually now $18,000 as of 2018/19 tax year… just as state & local tax deductions are limited to $10,000. What are the BOE and Village Council doing to help Ridgewood families keep food on their tables and gas in their cars given higher commuter pass costs, tolls, higher parking permit fees, higher Graydon and tennis pass fees, etc? And where are the vaunted schools & Village services those taxes are paying for ? In the tank.”

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New Jersey;s Not So Rosey Jobs Report

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the staff of the Ridgewood blog

Ridgewood NJ, according to the Garden State initiative , “In their announcement for this month’s jobs report, the New Jersey Department of Labor and Workforce Development touted how the July unemployment rate of 4.2 percent marks the lowest unemployment rate for the state since July 2007. The unemployment rate is determined by dividing the total labor force by the number of unemployed persons in that labor force. However, despite the over-the-month gains, the state’s shrinking labor force as compared to a year ago—or three years ago—shows the danger of relying solely on a state’s unemployment rate as an accurate metric for economic growth. ”

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Syrian refugees are now fleeing New Jersey because of high cost of living, low quality housing, high taxes and safety concerns

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July 25,2018

the staff of the Ridgewood blog

Ridgewood NJ, Syrian refugees recently placed in New Jersey Democrat run strongholds , are now fleeing the state because of high cost of living, low quality housing, high taxes and safety concerns, NorthJersey.com reports.

At Ktuf is a Syrian refugee who arrived in the United States in the summer of 2016, and planning on leaving New Jersey for Michigan next month. Ktuf told NorthJersey.com the reason she is leaving New Jersey for Michigan: “Over there, you can dream of buying a house, but here you can’t. Costs are so high, and taxes are so high.”

Ktuf’s brother in law moved to Dearborn last month, and was able to find a home with four bedrooms, a backyard and a garage for $1,200 a month.
Mohammad Hial is one of seven Syrian refugees telling the paper they are leaving or planning on leaving New Jersey this summer. Hial left New Jersey for Michigan last week. “This state (New Jersey) is very expensive,” Hial stated

The sanctuary state of New Jersey also presents other disadvantages .Sikander Khan, who head’s Global Emergency Response and Assistance said in addition to economic reasons, “Syrians are leaving Patterson because of safety concerns.”

Nour, a Syrian refugee who left the country after civil war broke out, was interviewed by The Bergen Record, but asked to only be identified by his first name for “safety concerns.” Last month Nour was hit over the head with a metal pipe and robbed of $2,800. Nour told caseworkers, he was “considering moving to Turkey because of crime.” Nour added his two daughters, 14 and 16, “no longer want to leave the apartment.”

Of the seven families interviewed, five are headed to Michigan. As refugees, where many Syrians are eligible for rent assistance for up to 24 months. It looks like after the rent assistance runs out, many Syrians are not happy with Democratic stronghold New Jersey, and fleeing to other states with better opportunities.