The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
Fairview: 114 tickets
Allendale 2
Alpine 2
Carlstadt 19
Demarest 5
Glen Rock 1
Hackensack 4
Hasbrouck Heights 13
Haworth 5
Leonia 4
Lyndhurst 19
Midland Park 4
North Arlington 19
Northvale 9
Norwood 2
Ramsey 1
River Vale 1
Upper Saddle River 19
Westwood 9
Wood-Ridge 4
Read More: Don’t get caught texting while driving through these small NJ towns | https://nj1015.com/dont-get-caught-texting-while-driving-through-these-small-nj-towns/?trackback=tsmclip
By David Matthau March 20, 2017 4:30 AM
New Jersey 101.5 video archive
Gov. Chris Christie’s proposed New Jersey budget for fiscal year 2018 holds state aid to municipalities flat once again.
The result is towns across the Garden State are now scrambling to make ends meet, which in some cases will mean an increase in property taxes beyond the state-mandated 2 percent cap.
Michael Darcy, the executive director of the New Jersey State League of Municipalities, said the cap is doing its job, holding the line on increases that have been significantly higher in the past, but there are built in exceptions to the cap, such as insurance and pension costs.
“The result is towns across New Jersey are finding it increasingly difficult to hold the line on tax hikes while providing necessary services because municipal aid from the state has been held flat for the past nine years,” he said.
Read More: How can NJ towns balance their budgets without raising property taxes? | https://nj1015.com/how-can-nj-towns-balance-their-budgets-without-raising-property-taxes/?trackback=tsmclip
Credit agency: Declining Ticket Income with End of NJ’s red light camera pilot program is a ‘credit negative’ for towns
DECEMBER 19, 2014, 1:15 PM LAST UPDATED: FRIDAY, DECEMBER 19, 2014, 3:50 PM
BY MELISSA HAYES
STATE HO– USE BUREAU |
THE RECORD
A Wall Street credit ratings agency called the end of the state’s five-year red light traffic ticket pilot program a “credit negative” for preventing local governments from implementing new revenue streams.
The controversial cameras, which allow municipalities to mail tickets to motorists who run red lights, generated millions in revenue for the 25 municipalities that installed them, including several in North Jersey.
Moody’s analyzed the end of the program in its weekly credit outlook report released Friday. The credit ratings agency said the New Jersey legislature could have acted to renew the program, which ended on Tuesday. Moody’s also took issue with New York legislators repealing a law authorizing the use of speed cameras near schools in Nassau County.
The “credit negative” designation is an analysis of an event and differs from a credit downgrade, which could affect the state’s ability to borrow money.
“These developments are credit negative because they further constrain governments’ ability to implement new revenue streams at a time when these governments are facing property tax limits, uneven sales tax growth and anti-tax sentiment,” the weekly credit outlook said.
