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Support for Wind Farms off the Jersey Shore Continues to Decline

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the staff of the Ridgewood blog

Atlantic City NJ, after a female Pygmy whale stranded itself on a beach on LBI Tuesday morning, the 14th on the Jersey Shore since December. A  NJBIZ survey found that just over half of residents (54%) are in favor of developing wind farms off the state’s coast versus 40% who oppose them. That’s a stark plunge in support from a 2019 Monmouth poll on this topic, when favorability stood at 76% with just 15% opposed. From 2008 to 2011, that support was more than 80%.

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NJ State Senate Republicans Propose Returning $4 Billion to New Jersey Taxpayers

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the staff of the Ridgewood blog

Trenton NJ, Republican members of the Senate Budget & Appropriations Committee called for a windfall of State tax revenues to be returned to New Jersey taxpayers after the State Treasury revealed billions in unexpected revenues that isn’t needed to balance the budget or meet important priorities.

The Republican members of the Senate Budget Committee called for a windfall of State tax revenues to be returned to New Jersey taxpayers.

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Massive New Borrowing Makes New Jersey Even Less Affordable now and into the Future

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the staff of the Ridgewood blog

Trenton NJ , NJBIA Vice President of Government Affairs Christopher Emigholz issued the following statement regarding today’s announcement by Gov. Phil Murphy and Senate President Stephen Sweeney of concurrence on a bill authorizing up to $9.9 billion to address New Jersey’s budget deficit.

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New Jersey Business and Industry Association Raise Red Flags on Murphy’s Borrowing Scheme

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the staff of the Ridgewood blog

Trenton NJ, Responsible, short-term borrowing may be appropriate to assist in needed revenue collections and to avoid painful tax increases to balance New Jersey’s FY2021 budget, the New Jersey Business & Industry Association testified today.

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Tax Cut Caucus to Fight for New Jersey Taxpayers

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the staff of the Ridgewood blog

 

Ridgewood NJ,  In order to force Trenton to consider the real concerns of residents, Assemblyman Christopher DePhillips and Assemblywoman Serena DiMaso announced the creation of a tax cut caucus that would fight for state taxpayers who are overburdened by the Democrats’ tax-and-spend policies.

“It’s time we talk affordability and it’s time we consider legislation that would reduce taxes for citizens and businesses – these are the concerns of the citizens of this state and they are being completely ignored by the Democratic majority,” said DePhillips (R-Bergen). “I invite any legislator in the Assembly who wants to fight to keep families in this state to join our tax cut caucus. We will methodically review all pending taxes in New Jersey and make recommendations to cut them, or eliminate them, at every voting session in the coming two-year term.”

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Senate Republican Leader Tom Kean: Murphy’s “Free” Community College Pilot Program to Cost NJ Taxpayers $20 Million

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Kean States the Obvious “Free” Community College is not “Free ” at all 

August 3,2018

the staff of the Ridgewood blog

Westfield NJ, Senate Republican Leader Tom Kean said that a pilot program announced by the Murphy Administration that would shift the cost of tuition and fees for some community college students to New Jersey taxpayers is misguided and unaffordable.

“Free community college sounds great, but nothing is really free,” said Kean. “The Governor’s plan simply shifts $20 million of tuition costs for a handful of students to New Jersey taxpayers who are already overburdened. It’s a huge and unnecessary expense that the State cannot afford to assume.”

Kean warned that the $20 million cost of the Pilot program could become an annual expense of $200 million to $400 million if the program is fully implemented statewide.

“The Governor just told taxpayers that New Jersey is in such dire financial straits that he had to raise taxes by nearly $1.5 billion,” said Kean. “The truth is that the higher taxes Governor Murphy implemented this year on families and businesses were only necessary to fund new spending on unnecessary programs like ‘free’ community college. He hasn’t told us yet which taxes he’ll propose raising next to pay for the full cost of this scheme.”
To support the State’s FY 2019 budget plan, which included funding for the pilot program, the Governor and legislative Democrats raised both personal income and corporate business taxes. They also implemented a new Internet sales tax and taxes on sharing services, including Uber, Lyft, and Airbnb.

Kean noted that the Governor’s misguided tuition plan fails to address the underlying problem of escalating costs at our community colleges that have driven tuition to levels that are unaffordable for many students.
“Our community colleges should be an affordable option for every student who chooses to continue their education,” said Kean. “Unfortunately, the Governor’s tuition scheme merely papers over the problems that have led to tuition growth without fixing them. That virtually ensures that the cost to taxpayers for ‘free’ community college will grow well beyond the already expensive estimates.”

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NJ Senator Tom Kean Introduces Resolution Disapproving Murphy’s $100 Million Back-Pay Giveaway

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June 20, 2018

the staff of the Ridgewood blog

Will Urge Senate on Thursday to Exercise Its Constitutional Authority to Withhold Appropriation for Retroactive Raises.
Senate Republican Leader Tom Kean has introduced a resolution urging the Legislature to reject $100 million of retroactive back payments that Governor Phil Murphy is attempting to give to public employee union members.

Sen. Tom Kean will urge the Legislature to reject $100 million of retroactive back payments that Gov. Phil Murphy is attempting to give to public employee union members. (Pixabay)
“Governor Murphy’s plan to give $100 million of retroactive raises to public workers is obscene given his repeated statements that New Jersey is in such poor fiscal shape that we have no choice but to raise taxes by billions,” said Kean. “Thankfully the Governor has no ability to fund this giveaway to his union friends without legislative approval. As we debate the FY19 State budget tomorrow, I will urge the Legislature to exercise its constitutional authority to deny an appropriation for these unaffordable back payments.”

Kean’s resolution, SCR-127, disapproves of Governor Murphy’s proposal to award retroactive raises to approximately 32,000 Executive Branch employees in an amount totaling more than $100 million.

The Governor’s plan to provide the back payments follows his unilateral approval of a Memorandum of Agreement with the Communications Workers of America (CWA) that provides for the retroactive raises.
The resolution illustrates the excesses of the deal, highlighting the example of a public employee with a current salary of $70,000. Under the contract agreed to by Governor Murphy, that taxpayer-funded employee would receive an immediate windfall payment of $20,000 for retroactive pay increases. Further, the employee’s salary would immediately rise to approximately $87,000, representing a permanent pay increase of more than 23 percent.
“Middle-class workers in the private sector, employees of non-profits supporting our communities, and thousands of public servants who aren’t members of a politically influential union won’t get 23-percent salary increases or retroactive raises, but they’ll all pay through higher taxes for the massive checks that Governor Murphy wants to send to certain union employees,” said Kean. “For someone who talks a lot about fairness, the Governor’s giveaway to the CWA represents anything but a fair deal for New Jersey taxpayers.”

Kean said there’s no room for the lavish giveaway given the competing tax proposals being pushed by Governor Murphy and legislative Democrats.
“Governor Murphy is pushing a $1.7 billion tax increase plan, while Democratic legislators are offering a competing plan to raise taxes by $1 billion,” added Kean. “Given the severity of the multitude of tax raising proposals from Democrats, it’s shocking that none of them are looking for opportunities to eliminate unnecessary spending. This frivolous budget addition of $100 million to fund retroactive raises is a good place to start. I’ll urge the Senate to act tomorrow to cut off funding for the Governor’s excessively generous union agreement.”

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New Jersey Taxpayers faced the 3rd highest state tax burden

New Jersey Democrats Move to Raise Taxes

State-Local Tax Burden Rankings

We’ve just released our annual State-Local Tax Burden Rankings. According to the report, 9.9 percent of income in America went toward state and local taxes (in FY 2012).

The report highlights the state-local tax burden on taxpayers in each of the 50 states, details how much residents pay to their state and other states, and illustrates taxburden trends over time and within each state.

New Yorkers faced the highest burden, with 12.7% of income in the state going to state and local taxes. Connecticut (12.6%) and New Jersey (12.2%) followed closely behind. On the other end of the spectrum, Alaska (6.5%), South Dakota (7.1%) and Wyoming (7.1%) had the lowest burdens.

The study’s key findings include:

During the 2012 fiscal year, state-local tax burdens as a share of state incomes decreased on average across the U.S. Average income increased at a faster rate than tax collections, driving down state-local tax burdens on average.
On average, taxpayers pay the most taxes to their own state and local governments. In 2012, 78 percent of taxes collected were paid within the state of residence, up from 73 percent in 2011.
State-local tax burdens are very close to one another and slight changes intaxes or income can translate to seemingly dramatic shifts in rank. For example, Delaware (16th) and Colorado (35th) only differ in burden by just over one percentage point. However, while burdens are clustered in the center of the distribution, states at the top and bottom can have substantially different burden percentages—e.g. New York (12.6%) and Alaska (6.5%).

It’s important to remember that a significant amount of taxation occurs across state lines, and that this shifting is not uniform. For instance, one might pay sales taxes at their local corner store, but also pay sales taxes when on vacation in another state. This shifting should not be ignored when attempting to understand the burden faced by taxpayers within a state.

 

FULL REPORT : https://taxfoundation.org/article/state-local-tax-burden-rankings-fy-2012?utm_source=Tax+Foundation+Newsletters&utm_campaign=d4f19c7dbb-Promo_Income_Taxes_Illustrated_copy_01_11_5_2015&utm_medium=email&utm_term=0_8387957ec9-d4f19c7dbb-427656697&ct=t(Promo_Income_Taxes_Illustrated_copy_01_11_5_2015)&mc_cid=d4f19c7dbb&mc_eid=c834f22e2e