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New Jersey’s Red Tape & Fees Continue to Hurt Small Businesses and Destroy New Jersey’s Business Climate

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the staff of the Ridgewood blog

Morristown NJ, New Jersey ranks near the bottom or at the bottom, depending on the source considered, for overall business climate due to taxes and regulatory hurdles. The factors behind those rankings directly impact the ability of our state to foster the development of small businesses and retain those businesses as they grow. It is important to want small businesses to exist and thrive in your state. Small businesses are a way for new innovations to come to the market and for New Jersey residents to accumulate wealth.

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Governors Murphy Mistakenly Claims New Jersey is Growing

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the staff of the Ridgewood blog

Trenton NJ, Governors Murphy’s road-to-the-White-House narrative claims that New Jersey is growing, but in the real world, the data show that in 2022 New Jersey continued to have one of the worst outmigrations of people and wealth in the nation.  For the past two years — the two years following Murphy’s COVID lockdowns and school closures —  New Jersey’s population actually shrunk.

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Governor Misses Mark On Addressing New Jersey’s Long-Term Structural Deficit

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the staff of the Ridgewood blog

ROSELAND NJ, Statement by Ralph Albert Thomas, CPA (DC), CGMA, CEO and Executive Director of the New Jersey Society of Certified Public Accountants

This morning, Governor Phil Murphy delivered his budget proposal for New Jersey’s new, nine-month fiscal year that begins Oct. 1. The New Jersey Society of Certified Public Accountants (NJCPA) is deeply concerned that the proposal looks very much like the unworkable budget introduced six months ago — plus $4 billion in new borrowing — before the coronavirus pandemic decimated New Jersey’s economy.

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