STEVE HUGHES Staff Writer
New Jersey is one of 23 states still trying to boost its tax revenue levels to pre-recession levels, according to a Pew Charitable Trust report.
At its peak, the fourth quarter of 2007, the state took in $8.7 billion in revenue. It hit a low point at the end of 2011, with only $7.1 billion in revenue that quarter.
As of the end of 2016, the state’s quarterly tax revenue was 10.9 percent lower than the third quarter of 2008, Pew found, as the state took in $7.8 billion.
The state is sucking everybody dry with alternate taxes, gas tax, $16 to cross a bridge…
Gee I wonder why there isn’t enough taxable income.
The state and federal governments are bloated and out of control.
My buddy just retired as a local Bergen county cop at age 52 with a $98,000 pension and benefits…
This is completely unsustainable!
The reason why is because NJ is anti-business.
If the Democrat legislature will untie the governors hands we could be booming like NY, but they won’t because its more important to make the Republican governor look bad rather than actually help the people…
My property taxes up 40% since 2008, How does that make sense when the value of my home has gone down and Village services have been reduced?