Tag: fleeing nj

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Murphy’s Budget Represents an 18% Spending Increase in 3 Years

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the staff of the Ridgewood blog

Trenton NJ, Assemblywomen Holly Schepisi roasts the Murphy budget :

“Today was Governor Murphy’s Budget Message. On its face someone could listen and say “I support that” or “I welcome the middle class relief” being proposed. Unfortunately our true middle class will never see any of the promised items put forth today. One can just look to one of the very first statements made during the speech that NJ is finally “putting the breaks on the financial roller coaster” we have been on. This statement is surreal in light of the fact that NJ has increased spending by $6.3 BILLION in just 3 years. This represents an 18% spending increase in a 3 year period. We are doubling down on spending practices that got our state into its current fiscal mess. We keep hearing the message of Fairer and Stronger for the middle class.

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New Jersey Society of Certified Public Accountants Calls Governor Murphy’s Budget “Counter Productive”

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

Trenton NJ, Governor Phil Murphy delivered a budget address with significant consequences for New Jersey’s future. There’s much at stake. New Jersey is facing a fiscal crisis and we are not committing ourselves to the difficult decisions that will put the state on sound financial footing.

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Murphy’s Massive Proposed FY 2021 Budget , Just More Taxes

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the staff of the Ridgewood blog

Trenton NJ, NJBIA President and CEO Michele N. Siekerka, Esq. issued the following statement regarding Gov. Phil Murphy’s proposed FY 2021 budget today.

“NJBIA appreciates Governor Murphy’s efforts to prepare a state budget that makes investments in New Jersey’s future, particularly given our state’s considerable fiscal challenges. We support investments in NJ TRANSIT and workforce development proposed today, and await more details on potential public health benefits savings.

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$3 billion in Annual Tax Increases Would Not Solve New Jersey’s fiscal Woes

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the staff of the Ridgewood blog

Trenton NJ, Senate Republican Leader Tom Kean rebuked the idea that $3 billion in annual tax increases would solve New Jersey’s fiscal woes.

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New Jersey Families Need Tax Relief Not More Taxes

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the staff of the Ridgewood blog

Trenton NJ, Senator Anthony M. Bucco said calls from a progressive coalition for $3 billion of higher taxes and new spending is the exact opposite of what New Jersey should do to improve affordability for families.

“Despite what these left-wing groups are saying, New Jersey’s problem isn’t that we tax and spend too little, it’s that we tax and spend too much,” said Bucco (R-25). “How many times have we been promised that another billion or two in taxes is the answer to all of our state’s problems? It’s never worked. We’re now stuck with the highest taxes in the country and a crisis of affordability that’s driving families and retirees from New Jersey in droves.”

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New Study Shows New York, New Jersey Face Largest Population Decrease In The U.S.

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file photo by Boyd Loving

the staff of the Ridgewood blog

Ridgewood NJ, just one day after progressive groups lobbied Governor Murphy for massive tax increases ,a new study finds that New York and New Jersey are losing more residents than any other states.

The career website Zippia looked at the population data from the Census’ American Community Survey to determine the states with the largest population decrease from 2017 to 2018, which is the most recent data available.

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Phil Murphy Ranks 34th Worst Governor and New Jersey Ranks 41st Worst Run State

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 the staff of the Ridgewood blog
Ridgewood NJ, some bad news for Governor Phil Murphy according to 24/7 Wall street  Phil Murphy was rated as the 34th lest popular governor  and New Jersey fared even worse by being ranked as the 41st worst run state . We are somewhat astonished the both Phil Murphy and New Jersey did as well as they did.

34. Gov. Phil Murphy (D) of New Jersey
> Approval: 46%
> Disapproval: 37% (16th highest)
> Don’t know: 18% (24th highest)
> In office since: Jan. 16, 2018
> New Jersey could run on only rainy day funds in FY 2018 for: 8 days (3rd least)
> Rainy day fund: $772.2 million (19th smallest)
> Dec. 2019 unemployment rate: 3.5% (20th highest)

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NJ high school graduates choose to attend college outside of New Jersey

RHS 2017

the staff of the Ridgewood blog

Princeton NJ, Senate Republican Leader Tom Kean released the following statement on New Jersey’s Top Ten ranking in Wallethub’s 2020’s Most and Least Educated States in America:

“While New Jersey is currently one of the ‘Most Educated States’ in the nation, our outmigration problem many put this notable statistic at risk in the future. Many high school graduates choose to attend college outside of New Jersey. Once these students leave, many never return to New Jersey to help build our workforce, support their families, or contribute to our communities. This is because our state is simply too expensive.

“This ‘brain drain’ really hurts our state, and it’s something we must understand better if we are to counter it successfully. My bipartisan legislation to study this outmigration pattern passed the New Jersey Senate last year.

“After investing so much to educate our next generation in grade and high school, it would be a real boost to have more of our talented high school graduates plant roots at home in the Garden State.

“A culture that encourages innovation and entrepreneurship attracts businesses and creates jobs. Raising taxes will not create that culture. Lowering costs across the board – for students, for families, for businesses, and for retirees – will make New Jersey more competitive. Healthy competition spurs the best innovation, leading to economic growth and job creation for generations to come.”

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Fleeing New Jersey for freer, and lower-tax places

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the staff of the Ridgewood blog

Ridgewood NJ, US households moving to freer, lower-tax places. The Internal Revenue Service (IRS) “Statistics of Income” division produces an annual report with valuable information for understanding interstate migration trends. The latest report was issued in early 2020, covering the latest available tax year (2018).

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Governor Phil Murphy :‘I don’t wake up every morning reflexively trying to figure out ways to tax people’

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the staff of the Ridgewood blog

Trenton NJ,after his 2020 State of the State address, Governor Murphy struck back at criticism that looks for ways to tax the residents of New Jersey, during a Q and A with reporters following the launch of his Jobs NJ initiative.

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New Jersey Is 2020’s 4th Worst State to Retire

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the staff of the Ridgewood blog

Ridgewood NJ, With 26 percent of all nonretired adults having no retirement savings or pension, the personal-finance website WalletHub today released its report on 2020’s Best States to Retire as well as accompanying videos.

To help retirees find a safe, enjoyable and wallet-friendly place to call home, WalletHub compared the 50 states across 47 key metrics. The data set ranges from adjusted cost of living to weather to quality of public hospitals.

New Jersey Is 2020’s 4th Worst State to Retire.

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New Study Rates Newark One of the Worst Cities for Job Creation

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the staff of the Ridgewood blog

Newark NJ, With the unemployment rate at a near 50-year low and employers expecting to hire 5.8 percent more college graduates from the Class of 2020 than from the previous graduating cohort, the personal-finance website WalletHub today released its report on 2020’s Best Places to Find a Job as well as accompanying videos.

To determine the strongest local job markets in the U.S., WalletHub compared more than 180 cities across 31 key metrics. The data set ranges from job opportunities to employment growth to monthly average starting salary.

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Phil Murphy’s Policies Have Been A Disaster for New Jersey

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the staff of the Ridgewood blog
Trenton NJ,  Evidence that Governor Murphy’s policies are choking the life out of New Jersey continues to mount. Just a few days ago, a United Van Lines study found that, for the second consecutive year, more residents moved out of New Jersey than any other state in America. And just today, an analysis of Internal Revenue Service data  by the NJBIA confirmed that outmigration cost New Jersey billions of tax dollars in 2017-2018.

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Money Continues to Flee New Jersey to Greener Pastures

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file photo by Boyd Loving

the staff of the Ridgewood blog

Ridgewood NJ, According to Internal Revenue Service (IRS) data released last week, New Jersey experienced an outflow of nearly $3.2 billion in Individual Income Tax Return Adjusted Gross Income (AGI) for tax year 2017-2018.

Yet, Governor Phil Murphy remains committed to a millionaire’s tax. With Lieutenant Governor Sheila Oliver standing behind him, the Governor cited the tax as beneficial to prepare for a “rainy day.”

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Governor Murphy Remains committed to a “Millionaire’s Tax”

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the staff of the Ridgewood blog

Trenton NJ, Twice denied in his first two budgest, Governor Phil Murphy this afternoon told reporters that he remains committed to a millionaire’s tax. With Lieutenant Governor Sheila Oliver standing behind him, the Governor cited the tax as beneficial to prepare for a “rainy day.”

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