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President of the Commerce and Industry Association of New Jersey ,”It is time to focus on passing laws which help businesses”

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the staff of the Ridgewood blog

Trenton NJ, Anthony Russo, president of the Commerce and Industry Association of New Jersey (CIANJ). CIANJ is a statewide business advocacy group, with offices in Rochelle Park and Trenton, representing the interests of more than 900 members from virtually every business sector (manufacturing, hospitality, financial, insurance, academia, healthcare, etc.). CIANJ prides itself in being a leading advocate for a free market economy, because we firmly believe it is through a free market economy that New Jersey thrives in terms of innovation, competition and the creation of private sector jobs.

Continue reading President of the Commerce and Industry Association of New Jersey ,”It is time to focus on passing laws which help businesses”
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Reader claims , Even ultra liberal NY gov Cuomo is super-pro-business…

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Even ultra liberal NY gov Cuomo is super-pro-business…
Just look at the “START-UP NY” program implemented by some of the biggest liberals in the country…
No taxes for 10 years, other tax incentives, direct access to academic research for free, etc, etc.
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This is typical liberal M/O/ … say one thing in public (Big Business is bad) then do something totally opposite usually to line the pockets of your friends. (See also global warming).
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Even RW engages in this hypocrisy(see Aronsohn, et. al.)
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But NJ politicians are too stupid to support business… they actually believe the liberal utopian lie.

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Stuck on Stupid :Trenton Drops All Governing Responsibilities to Focus on Trump

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February 15,2017

the staff of the Ridgewood blog

Ridgewood NJ, public frustration continues to grow towards the New Jersey Assembly spending so much time and energy attacking President Trump instead of focusing on any of New Jerseys myriad of serious problems.

Trenton is ignoring everything from property tax relief, school funding, pension payments and reform, the list is endless. New Jersey ranks the number one state to move out of, and ranks near the bottom in almost every economic category, but instead of working on the difficult issues the state faces , Trenton Democrats and some Republicans assisted by the New Jersey media are engaging   non-stop Trump bashing.

 Assembly, New Jersey, 39th, Republican Holly Schepisi summed it up best ,”Tomorrow we have a “special” voting session in Trenton to vote on such pressing NJ matters as providing guidance to our municipalities on affordable housing, fixing the Pension crisis, reforming the school funding formula…..just kidding! Instead of fixing any of NJ’s major issues, we are voting on at least seven political resolutions targeting our President.”

Schepisi went on to call out her ccolleagues, ” Over the past several days several of my colleagues in the State Legislature have indicated they would try to move forward legislation protecting “Sanctuary Cities” who lose federal funding by mandating the State of NJ pay these cities any monies lost by their refusal to comply with federal law. While I understand the motive behind such bills seeks to protect the legislators’ constituent cities, the practical implications are financially destructive for all of the non-sanctuary areas of the State.

New Jersey is almost broke. We have not made a full payment on our pension obligations in decades. A majority of our schools receive virtually no funding from the State. Indeed most of the areas I represent receive less than $500 per student per year. On the flip side, below are just some of the numbers of aid currently being provided to our “Sanctuary Cities”. If these bills were to go through, the State would be on the hook for hundreds of millions of dollars of additional aid into these communities. MONEY THAT DOES NOT EXIST.

In Newark,19-percent of all city residents are undocumented entrants. Newark currently receives $206.7 million in federal aid, amounting to $733 per resident or $2,932 per family of four. This aid is on top of an additional $742 million in school aid given to Newark by the State of New Jersey and $31 million in transitional aid also given by the State of New Jersey.

Jersey City, also a sanctuary city with more than 10 percent of residents being undocumented, receives $148 million in federal aid on top of $417 million in school aid given by the State of New Jersey.

Other NJ sanctuary cities include:
Trenton – $10 million in federal aid, $229 million in State school aid
Camden- $52 million in federal aid, $280 million in State school aid
Union City – $32.5 million in federal aid, $179 million in State school aid
West NY – $17 million in federal aid, $94 million in State school aid

https://www.njleg.state.nj.us/2016/Bills/S3500/3007_I1.PDF

 

 

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New Jersey tax collections still struggling to reach pre-recession levels

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STEVE HUGHES Staff Writer

New Jersey is one of 23 states still trying to boost its tax revenue levels to pre-recession levels, according to a Pew Charitable Trust report.

At its peak, the fourth quarter of 2007, the state took in $8.7 billion in revenue. It hit a low point at the end of 2011, with only $7.1 billion in revenue that quarter.

As of the end of 2016, the state’s quarterly tax revenue was 10.9 percent lower than the third quarter of 2008, Pew found, as the state took in $7.8 billion.

https://www.pressofatlanticcity.com/news/new-jersey-tax-collections-still-struggling-to-reach-pre-recession/article_0333b0d0-03ee-58c3-b2b7-70f6ed8d8708.html

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Sarlo-Oroho: A Must to Save New Jersey’s Economy

tr0601harris 9 KURDZUK

 

The crisis facing New Jersey’s economy is severe and results from three continuing deteriorating conditions. The Transportation Trust Fund is broke, resulting in the suspension of projects needed to prevent the total deterioration of New Jersey’s road and bridge infrastructure. The income tax structure is a factor causing middle class senior citizen retirees to depart for the income tax-free state of Florida, thus diminishing New Jersey’s retail consumer base. Finally, the state’s high estate tax is causing the Garden State to hemorrhage wealth, as affluent taxpayers leave, eviscerating the state’s income tax base. Alan Steinberg, PolitickerNJ Read more

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Trenton Realizes They Need a Tax Base to Tax

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N.J. Democratic, Republican lawmakers unveil competing economic plans

DECEMBER 14, 2015, 7:30 PM    LAST UPDATED: MONDAY, DECEMBER 14, 2015, 7:59 PM
BY SALVADOR RIZZO
STATE HOUSE BUREAU |
THE RECORD

Democrats and Republicans in the state Senate unveiled competing economic plans for New Jersey on Monday, with each side promising a lasting fix to the haphazard way the state has been funding major expenses such as pensions and road projects over the years.

The dueling plans are as ambitious as their details are hazy.

On the Democratic side, Senate President Stephen Sweeney outlined a plan to invest at least $1 billion over the next four years on transportation projects, school initiatives, new study commissions and a new “infrastructure bank.”

His plan calls for expanding pre-kindergarten to 17 school districts that do not now offer it; extending light rail service farther into Bergen County and widening the eligibility range for tax breaks on retiree income, raising the income limit for married couples from $10,000 to $100,000. Funding for higher-education scholarships also would grow.

But Senate Democrats did not include a funding mechanism; Sweeney said his proposal would spur enough economic activity to pay for itself, namely by enticing older residents to stay in-state instead of moving after they retire.

“This state has been starved of investment for too long, and we now need to refocus,” he said at a Statehouse news conference.

 

 

https://www.northjersey.com/news/n-j-democratic-republican-lawmakers-unveil-competing-economic-plans-1.1473593