file photo by Boyd Loving
“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.”
Simple math that Murphy and the Dems just don’t get
Lets not act like the 10k state and local tax has been in place for a long time, maybe that is also hurting NJ residents?
The village council has shown no regard for rising taxes and in fact has only acted to ensure they will continue to go up. The garage will eventually need property taxes to pay the million dollar annual gap between expense and parking revenue. With high density housing our schools will be overloaded forever and that budget will only grow by large numbers. $15 min wage will crush all CBD businesses and that will lower tax receipts there, a gap higher local property taxes will have to cover. As housing sales on the highest property tax homes in town see price erosion the lower assessments will get covered by…higher local property taxes. Meanwhile, the village spends like fools and hikes fees everywhere.
We are in the early stages of massive change in this country, and the pace of that change is going to accelerate. Technology is in the process of changing the way we live and work. High cost areas like the NYC metro region will no longer be driven by high-paying jobs. These high-paying jobs have always been fueled by Wall Street and it’s associated industries (e.g. banking, law, accounting, etc.). Wall Street moved to Midtown, then across the Hudson, and is now anywhere with high-speed internet. It started with US factories and it’s now starting the happen with white collar employment. The Indians, the Chinese, the Polish. They do it cheaper and better than us. You know who does it much better and cheaper than them? Algorithms and Robots. If you think your house is your main retirement funder, you are in for a shock.
To my fellow residents and this is the time to sell your house and get the hell out. This town is going down. The services are not the same the schools are not the same. The taxes wait to why the rent is so damn I the parking is so damn I get out. This town is so overrated. I’m selling my house and moving down south see you
Can you say Hey now.
Don’t let the door hit you in the ass Overtaxed.
Why do we have 45 cops when Valley has left? Or two fire stations with three full-time professional staff 24/7 at Engine 19 just 0.9 miles up the road on West Glen? We’re not using horse & buggy anymore and it’s not the 1940s. Time to stop worrying about residents concerns from 80 years ago? Taxes are out of control, we can’t afford this luxury.