The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
TRENTON — The Department of the Treasury reported that August revenue collections for the major taxes totaled $1.958 billion, down $117.4 million, or 5.7 percent below last August. For the first two months of traditional Fiscal Year 2021 (FY 2021), total collections of $2.140 billion are down $374.7 million, or 14.9 percent below the same two months last year.
Continue reading NJ August Tax Collections Continue to Plummet
Billions in Spending Increases Proposed Before Crisis Remain Unchanged While Emergency Programs to Keep People Employed Run Dry Within Minutes
the staff of the Ridgewood blog
Trenton NJ, The Republican members of the Senate Budget & Appropriations Committee called on Governor Phil Murphy to announce which of the billions of dollars in new programs and spending and school aid increases he proposed in February will be scaled back to better fund emergency programs that are critical to helping small businesses survive and hundreds of thousands of New Jerseyans to stay employed.
Continue reading COVID 19 State of Emergency Requires Massive State Spending Cuts
the staff of the Ridgewood blog
Trenton NJ, While businesses and employees lose income from a drop in consumer spending and widespread closures, Assemblyman Brian Bergen is calling for a state tax holiday to keep businesses and people financially afloat.“The best way to help residents and businesses is to let them keep the money they have,” said Bergen (R-Morris). “Revenues are strong for the state right now. Government can afford a loss of income more than our constituents, and those are the people we swore oaths to represent and protect to the best of our abilities.”
Continue reading GOP Assemblyman calls for tax holiday during COVID-19 state of emergency
