the staff of the Ridgewood blog
Trenton NJ, Senator Joe Pennacchio (R-26) warned that Governor Phil Murphy and New Jersey Democrats haven’t learned from their mistakes and are doubling-down on failed fiscal policies that are driving residents and jobs from the Garden State.
“Governor Cuomo recently admitted that high taxes are driving residents from New York, leading to budget deficits and the flight of residents from the Empire State,” said Pennacchio. “Unfortunately, Governor Murphy and New Jersey Democrats still haven’t learned from their mistakes. They’re doubling down on tax-hiking policies that have never worked, and New Jersey is doing worse than our neighbors and most of the nation as a result.”
The budget that was approved last year by the Democratic Legislature and signed into law by Governor Murphy raised taxes by $1.5 billion. It is dependent on revenues growing by 7.5 percent over the course of the fiscal year to stay in the black.
Continue reading Murphy & NJ Democrats Perpetuate a Fiscal Mess