Tag: high taxes

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New Jersey Faces “Fiscal Cliff “, Yet Attorney General Wastes Tax Dollars Suing Department of Government Efficiency

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photo New Jersey Attorney General Matthew Platkin

the staff of the Ridgewood blog

Trenton NJ, Donald J. President Trump has only been in the White House for a month, but New Jersey Attorney General Matthew Platkin has already filed several lawsuits on behalf of the state to fight Trump’s funding-related orders and the Department of Government Efficiency – all while New Jersey approaches a fiscal cliff. The irony is not lost on Assemblyman Robert Auth who says Platkin needs to start combatting the out-of-control government spending in New Jersey instead of focusing on the feds.

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Yikes: New Jersey Companies Announce Over 13,300 Layoffs in 2024

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the staff of the Ridgewood blog

Ridgewood NJ, nearly 100 New Jersey companies announced a combined total of more than 13,300 layoffs in 2024, reflecting New Jersey’s continued reputation as an unfriendly place for business and tightening job counts in white-collar sectors such as pharmaceuticals, banking, and finance.

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The Retail Apocalypse: Ridgewood’s Battle with Store Closures

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the staff of the Ridgewood blog

Ridgewood NJ, brick-and-mortar stores have been grappling with significant challenges over the past decade. The COVID-19 pandemic and the meteoric rise of e-commerce have severely impacted traditional retail, leading to widespread closures. This phenomenon, often referred to as the “retail apocalypse,” has dramatically reshaped the commercial landscape since it began around 2010.

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New Jersey Sees Highest increase in Unemployment Rate in the U.S.

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the staff of the Ridgewood blog

Trenton NJ, New Jersey recorded the most significant rise in the nation’s unemployment rate, as reported by the U.S. Bureau of Labor Statistics on Friday.

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WalletHub Study: New Jersey Is 2023’s 2nd Worst State to Retire

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file photo by Boyd Loving

the staff of the Ridgewood blog

Trenton NJ, with 25% of all nonretired adults having no retirement savings, the personal-finance website WalletHub today released its report on 2023’s Best States to Retire, as well as expert commentary.

To help retirees find a safe, enjoyable and wallet-friendly place to call home, WalletHub compared the 50 states across 47 key metrics. Our analysis examines affordability, health-related factors and overall quality of life.

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New Jersey’s Real GDP fell at an Annual Rate of 2.2% in the First Quarter of 2022

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  • NJ’s economy shrinks (-2.2%) at rate larger than U.S. average (1.6%) to begin 2022
  • Rate of decline is larger than all neighboring states in the region
  • Significant decline noted in nondurable goods manufacturing
  • National economic slowdown raises concerns over NJ’s lagging performance

the staff of the Ridgewood blog

Morristown NJ, on June 30th, the United States Bureau of Economic Analysis issued its report on the Gross Domestic Product (GDP) by State for the 1st Quarter of 2021, which covers the months of January through March. Dr. Charles Steindel, former Chief Economist of the State of New Jersey, analyzed the report for the Garden State Initiative:

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High Crime Forces Amazon to Flee Seattle

Amazon Introduces New Tablet At News Conference In New York

the staff of the Ridgewood blog

Seattle Wa, “Woke” tech companies have long acted as if they are immune to mundane concerns about crime, taxes, and other “lifestyle” issues where they are based. But that’ may be starting to change.

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Brain Drain : More College-age Residents are Leaving New Jersey Than any Other State

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the staff of the Ridgewood blog

Ridgewood NJ, More college-age residents are leaving New Jersey than any other state, and the 10th District lawmakers say that is a powerful indicator of bigger problems in Democrat-controlled New Jersey.

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High Inflation Plus Slow Growth is a Recipe for Stagflation 

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the staff of the Ridgewood blog

Ridgewood NJ, politicians seem dead set on driving the economy back to the 1970’s ,  the latest GDP Now estimates for the 3rd quarter , July through sept of 2021, show growth slowing to a snail’s pace of 0.2%. That’s barely treading water and quick slowdown from the 6% growth of the economy that Biden inherited from Trump.

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Governor Murphy’s State of the State address ignored the harsh realities that impact New Jersey residents every day

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the staff of the Ridgewood blog

Totowa NJ, State Senator Kristin Corrado said Governor Murphy’s State of the State address ignored the harsh realities that impact New Jersey residents every day.

“Clearly, the Governor’s version of the State’s condition is nothing like the reality experienced by everyday New Jerseyans. Today’s address was further proof that Murphy is detached from State residents. He doesn’t understand us because he isn’t one of us.

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Reader suggests a good highway system will be needed to support the vast numbers of people fleeing the high taxes and Socialist agenda of Phil Murphy

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“A good highway system will be very important over the next few years. The infrastructure will need to support the vast numbers of people fleeing the high taxes and Socialist agenda Murphy is driving. If the Pandemic as taught us anything at all, it has taught us that most of us can work from anywhere. Why put up with New Jersey any longer?”

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Senate President Steve Sweeney : “NJBIA’s report underscores what we already know. High taxes make New Jersey less affordable

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file photo by Boyd Loving

the staff of the Ridgewood blog

Trenton NJ, Senate President Steve Sweeney (D-Gloucester, Salem, Cumberland) issued the following statement in response to the New Jersey Business and Industry Association’s “Indicators of Innovation” report.

“NJBIA’s report underscores what we already know. High taxes make New Jersey less affordable and our investments in higher education and research and development lags behind comparable states in the region, like Massachusetts and New York.

“We have a responsibility to the people of New Jersey to make our state more affordable, to lower the tax burden on our families and to invest in the next generation of innovators through education and technology. We can’t make the investments we need, however, until we address the long-term fiscal crisis, specifically the high pension and benefit costs that crowd out critical investment. We need to make smart investments, we need to control taxes and we need do it now, if we are going to get New Jersey back on track. If we make the difficult but necessary decisions today, we can make New Jersey a leader for generations to come.”

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Reader says , “As long as their leaves are swept, recycling is picked up on time and streets are clean of snow they are just fine”

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I think it is past the point of no return. From Aronsohn to Knudsen to Realtor in Chief we have been taken for a ride. Deservedly so as this town is full of snobs who don’t really care about town management. As long as their leaves are swept, recycling is picked up on time and streets are clean of snow they are just fine (actually management of these issues sucks big time). As more of these types move into Ridgewood the situation will only get worse. We all came together against Valley but nobody gives a peep about the incredible and permanent impact all this housing will bring. In hindsight I wish Valley stayed. I would rather have doctor’s offices all around the village than ugly buildings and crowded streets and schools. Too late now. Unless we all rise and contest this travesty with housing at a time when people in droves are laving NJ we are finished. We are about to become a city. By the time we will all look to sell and leave we won’t even get our money’s worth. Developers are trying to maximize and occupy every inch they can get because they face no resistance by our chosen officials. Looking at the development site on Broad St they are digging foundations just about 5-10 feet from the train tracks. RW is their playground now but we are too stupid to realize.

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New Jersey Business & Industry Association’s 60th Annual Business Outlook Survey : New Jersey continues to be perceived as being non-competitive with other states

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file photo by Boyd Loving

the staff of the Ridgewood blog

Ridgewood NJ, Expectations are high for increased profits, sales and wages in 2019 following a successful 2018 for many New Jersey businesses, according to results found in the New Jersey Business & Industry Association’s 60th Annual Business Outlook Survey.But the survey, released today, also finds a much more guarded outlook for New Jersey’s economy on the whole. In addition to a marginal increase of business owners who will look to offset a $15 minimum wage with raised prices, reduced staff or hours, or an increase in automation, there was a sizable decline from last year in respondents expecting New Jersey’s economy to perform better in the first six months of 2019. Similarly, while 83 percent of members rated the performance of the U.S. economy as excellent or good, only 40 percent rated New Jersey’s economy in the same categories.

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Reader says , “It’s no secret that NJ taxes were oppressing residents and businesses for a while now “

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I’m not a Murphy fan, by far, but if Honeywell just got a $40 mil tax credit, then why splitting after less than 4 years? It’s no secret that NJ taxes were oppressing residents and businesses for a while now. The big loss is opportunity for skilled positions leaving and headed 600 miles south. The influx of unskilled illegals now the Murph has declared us a sanctuary state simultaneously with the weed business is an abomination.