Tag: Ridgewood Real estate

>The Tale of Two Communities: Hackensack and Ridgewood


The Village of Ridgewood and the city of Hackensack both lie in Northern New Jersey, within easy commuting distance of New York City. While both locations started life as rural communities, their paths to their current environment were quite different. Ridgewood today is still a suburban village of predominantly single family homes, whereas Hackensack has become an urban city, hosting the largest hospital in the region as well as some significant government agencies.

https://www.stopvalley.com/The%20tale%20of%20two%20communities%20Hackensack%20and%20Ridgewood.pdf

>Surplus of N.J. tax revenue may be byproduct of income shifting to avoid federal tax hike
Chris Megerian/Statehouse Bureau

TRENTON — New Jersey tax revenue is outpacing projections by 3.8 percent in the first five months of the fiscal year, the Treasury said yesterday.
However, there are signs that even though residents are earning more, they’re not spending their wages.

The income tax brought in the most money, and delivered revenue 12.7 percent over projections. But sales tax dipped 1.4 percent below projections, a concern for state Treasurer Andrew Sidamon-Eristoff.

“At the risk of sounding overly pessimistic, I’m concerned that sales taxes are down at the same time that income taxes are up,” Sidamon-Eristoff said in a statement. “This may signal that income taxes aren’t rising solely because of an improved economy.”
He said the boost in income tax revenue may be inflated by wealthy residents trying to shift income from 2011 to 2010 to circumvent any potential increase in federal income taxes. For example, some companies have awarded bonuses early

MORE: https://www.nj.com/news/index.ssf/2010/12/surplus_of_nj_tax_revenue_may.html

>Lt. Gov. Kim Guadagno : high property taxes discourage businesses from locating in New Jersey

N.J. Lt. Governor urges action on tax relief

Lt. Gov. Kim Guadagno urged 200 New Jersey business people Tuesday to press the Legislature for more property tax relief, arguing that high property taxes discourage businesses from locating in New Jersey. (Lynn, The Record)

https://www.northjersey.com/news/politics/121410_NJ_Lt_Governor_urges_action_on_tax_relief_.html

>Property tax hike may top 2% cap

New Jerseyans are likely to see their property taxes rise by more than 2 percent next year despite a levy cap that takes effect Jan. 1, the leader of the state Senate said Tuesday. (The Associated Press)

https://www.courierpostonline.com/article/20101215/NEWS01/12150349/Property-tax-hike-may-top-2-cap

>Law Makers call for investigation of steroid use by New Jersey law enforcement officers and firefighters

Report has lawmakers calling for probes, testing

Citing the misuse of tax dollars and a potential danger to the public, state lawmakers yesterday pushed for an investigation and legislative action following revelations of steroid use by hundreds of New Jersey law enforcement officers and firefighters. (Britain and Mueller, The Star-Ledger)

https://www.nj.com/news/jjournal/index.ssf?/base/news-5/1292311575214160.xml&coll=3

>N.J. Assembly passes affordable-housing changes, bill would abolish the state Council on Affordable Housing

N.J. Assembly passes affordable-housing changes

A proposal to overhaul New Jersey’s controversial affordable-housing rules won approval Monday by the Assembly, 43-32.

The bill, which might be considered next week in the Senate, would abolish the state Council on Affordable Housing and strike a 2.5 percent fee on nonresidential development to subsidize low-cost housing. (Rao, The Philadelphia Inquirer)

https://www.philly.com/inquirer/local/nj/20101214_N_J__Assembly_passes_affordable-housing_changes.html#ixzz1859Up3Jq

>Fearing more conservative backlash the New Jersey Republican State Committee abruptly canceled a long scheduled meeting

With State Republicans fearing more conservative backlash the New Jersey Republican State Committee abruptly canceled a long scheduled meeting Hyatt Regency in Princeton last night, less than 24 hours before it was scheduled to convene.

Chairman Jay Webber sent an e-mail to committee members informing them that the next meeting of the New Jersey Republican State Committee will not take place until after the New Year. https://conservativenewjersey.com/rsc-abruptly-cancels-meeting

>Obama’s Health-Care Law Ruled Unconstitutional Over Insurance Requirement

The Obama administration’s requirement that most citizens maintain minimum health coverage as part of a broad overhaul of the industry is unconstitutional, a federal judge ruled, striking down the linchpin of the plan.

https://www.bloomberg.com/news/2010-12-13/u-s-health-care-law-requirement-thrown-out-by-judge.html

U.S. District Judge Henry Hudson in Richmond, Virginia, today said that the requirement in President Barack Obama’s health-care legislation goes beyond Congress’s powers to regulate interstate commerce. While severing the coverage mandate, which is set to become effective in 2014, Hudson didn’t address other provisions such as expanding Medicaid.

“At its core, this dispute is not simply about regulating the business of insurance — or crafting a scheme of universal health insurance coverage — it’s about an individual’s right to choose to participate,” wrote Hudson, who was appointed by President George W. Bush in 2002.

MORE : https://www.bloomberg.com/news/2010-12-13/u-s-health-care-law-requirement-thrown-out-by-judge.html

>Up in Smoke: Democrats shape marijuana law

New Jersey Senate Democrats are pushing ahead with a challenge to the Christie administration’s rules for the state’s new medical marijuana program, despite a supposedly bipartisan compromise the governor announced earlier this month. (Fleisher, The Wall Street Journal)

https://online.wsj.com/article/SB10001424052748703380104576015822655788988.html?KEYWORDS=jersey

>Proposed parent-trigger bill adds school vouchers to available options

A Republican-backed bill that would give parents unprecedented rights to remake low-performing schools would offer them three options: replace the school’s staff, convert the school to a charter, or request vouchers to attend other public or private schools. (Mooney, NJ Spotlight)

https://www.njspotlight.com/stories/10/1212/2134/

>Worse is yet to come for local budgets

Drastic cuts in state aid to towns and school districts have led to large-scale layoffs and service cuts throughout the state this year. Class sizes have risen, fewer officers are on patrol, municipal office hours have been limited. (Mikle and Koloff, Daily Record)

https://www.dailyrecord.com/article/20101211/COMMUNITIES/101210083/1005/NEWS01/Worse-is-yet-to-come-for-local-budgets

>Study: Police consolidation could save $17M

Combining police departments in one New Jersey county could save $17 million in overall personnel costs. (The Associated Press)

https://www.dailyrecord.com/article/20101210/UPDATES01/101210001/Study–Police-consolidation-could-save–17M

>Officials: NJ Budget accord not enough

Gov. Chris Christie and Democratic lawmakers may have reached an accord last week on capping arbitration awards for police and firefighters, but some local officials believe that measure and the other so-called “tool kit” reforms won’t be a cure-all during what is expected to be another difficult budget year. (Levinsky, PhillyBurbs)

https://www.phillyburbs.com/news/news_details/article/26/2010/december/12/officials-budget-accord-not-enough.html