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Posted on July 26, 2019 July 26, 2019

Governor Murphy ends school Superintendent Salary Cap

the staff of the Ridgewood blog

Ridgewood NJ, Gov. Phil Murphy signed legislation ending the cap on school superintendent salaries in New Jersey. The Democratic governor signed the measure baring the state Department of Education from setting maximum salaries for superintendents and sets guidelines for school executive contracts to limit or standardize bonuses, golden parachutes and other fringe benefits.

Former Republican Gov. Chris Christie had implemented a $175,000 cap on superintendents in 2011, citing what he called high salaries and generous perks in superintendent contracts. The cap was raised to $191,584 in 2017, with incentives to earn more if school chiefs stay in the same district.

So who wants to guess how long it will take for the Ridgewood Board of Education to raise the salary of our schools superintendent?

Posted on July 19, 2019 July 19, 2019

Governor Murphy’s lawsuit against the Internal Revenue Service is a waste of state resources and taxpayer money

the staff of the Ridgewood blog

Trenton NJ, Senator Joe Pennacchio criticized Governor Murphy’s lawsuit against the Internal Revenue Service, claiming it is a waste of state resources and taxpayer money.

“The Murphy Administration is lawsuit happy,” said Pennacchio (R-26). “The Governor should not be using New Jersey taxpayer dollars to play politics. Rather than fighting with the federal government, I urge Governor Murphy to focus on genuine and immediate tax solutions that we have the power as state lawmakers to advance.”

Posted on July 19, 2019 July 19, 2019

Governor’s IRS Lawsuit Does Not Solve State’s High Tax Problem

the staff of the Ridgewood blog

Trenton NJ, Senator Steven Oroho said that a lawsuit announced today by Governor Phil Murphy and Attorney General Gurbir Grewal against the Internal Revenue Service amounts to window dressing and won’t provide meaningful, long-term property tax relief to New Jersey families.

“New Jersey homeowners are the most overtaxed residents in the United States,” Oroho said. “The lawsuit announced today does very little to address that. The better approach would be to fix the state’s underlying tax problems that make the SALT limitation an issue. Governor Murphy can help make the Garden State more competitive and accomplish real savings for taxpayers by getting behind the Path to Progress reforms that have bipartisan support in the Legislature.”

Posted on July 16, 2019 July 16, 2019

Reader says ,”There will be no more “rich” to tax once all the rich have left”

Ridgewood NJ, news reports indicate that Phil Simms and Jon Bon Jovi are selling their high-priced, high-taxed New Jersey homes, possibly at deep-discounts.

a reader states the obvious ,”There will be no more “rich” to tax once all the rich have left. The “rich” can take the hit on their mansions in NJ and CT and make the difference up very quickly by moving to FL and paying a fraction of the taxes there. The dems and progs just don’t get this very simple concept.”

Posted on July 16, 2019 July 16, 2019

Reader says, “Gov. Murphy and the politicians in Trenton have no interest in finding ways to reduce spending”

for sale Ridgewood_Real_Estate_theRodgewopodblog

file photo by Boyd Loving

“It is quite amazing that Gov. Murphy and the politicians in Trenton have no interest in finding ways to reduce spending as opposed to raising taxes and increasing spending. Several years ago David Tepper moved himself and his business’s to Florida which put a major dent in New Jersey’s tax collections. Will they ever learn?”

Posted on July 15, 2019 July 14, 2019

Is Greenwich CT’s Housing Crash Predictive of NJ?

file photo by Boyd Loving

Garden State Initiative’s president Regina Egea

Ridgewood NJ, While it news reports indicate that Phil Simms and Jon Bon Jovi are selling their high-priced, high-taxed New Jersey homes, possibly at deep-discounts, Garden State Initiative’s president Regina Egea recently authored on op-ed on how a crash of high-end real estate in Connecticut could be spreading to NJ – and what that means for Garden State taxpayers.

The Garden State Initiative is dedicated to making New Jersey a place where families and businesses can thrive. We are a nonpartisan research and educational organization that offers practical free-market solutions to the state and local challenges facing New Jersey.

A recent Wall Street Journal report “Wealthy Greenwich Home Sellers Give in to Market Reality” on Connecticut’s real estate market should engender concern by all New Jersey residents.

Posted on July 9, 2019 July 9, 2019

New Jersey Named 2019’s 2nd Worst State to Start a Business

the staff of the Ridgewood blog

Ridgewood NJ, With the stock market booming, the personal-finance website WalletHub today released its report on 2019’s Best & Worst States to Start a Business as well as accompanying videos.

Posted on July 8, 2019 July 9, 2019

Taxpayers just got handed a behemoth of a budget. Come November, give Republicans a chance to do better

By Doug Steinhardt

On June 20, 2019, legislative Democrats captured the state budget and held it hostage. Then, on June 30, Gov. Phil Murphy signed the ransom note, a $38.7 billion behemoth that did nothing to address the state’s pension crisis, reduce spending or provide meaningful tax relief. For the nearly 78 percent of registered voters who didn’t vote in 2015, you might ask, “who cares?” My answer: we all should, because 100 percent of us are paying the bill.

Posted on July 2, 2019 July 2, 2019

President Congratulates New Jersey Legislature for Finally Not Raising Taxes

Yes it appears to be a miracle !

the staff of the Ridgewood Blog

Washington DC, President Donald Trump this morning extended congratulations to the New Jersey Legislature for not affirming Gov. Phil Murphy’s budget, and not raising taxes yet again on New Jersey cash strapped residents .

“Congratulations to legislators in New Jersey for not passing taxes that would have driven large numbers of high end taxpayers out of the state,” Trump tweeted. “Many were planning to leave, & will now be staying. New York & others should start changing their thought process on taxes, fast!”

In his tweet the President reminded New Jersey politicians why so many tax payers and businesses have fled the state ,debasing the state tax base .

Posted on June 18, 2019 June 18, 2019

Murphy Moves to Tax Hot Air

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the staff of the Ridgewood blog

TRENTON NJ, Fulfilling his promise to restore New Jersey’s national leadership in the fight against climate change and sea-level rise, Governor Phil Murphy today announced that the New Jersey Department of Environmental Protection (DEP) has formally adopted two rules returning New Jersey to the Regional Greenhouse Gas Initiative (RGGI). New Jersey was a charter member of RGGI before Governor Christie withdrew the state from the compact in 2012.“Climate change and sea-level rise affect us all, and as a coastal state, New Jersey is especially vulnerable to the impacts of global warming,” said Governor Murphy.

This is code for , “now I can raise your taxes on all carbon based life forms ie… all human activity” .

Posted on June 5, 2019 June 6, 2019

Republicans Solidify Their Slate Of Candidates In The Murphy Midterms

the staff of the Ridgewood blog

Trenton NJ, Tonight, Republicans elected a solid slate of candidates around the state to fight back in the Murphy Midterms. NJGOP Chairman Doug Steinhardt releases the following statement regarding the results:

“Republicans have a diverse slate of candidates in every corner of the state ready to fight back in the Murphy Midterms. The NJGOP is proud to support the Republican efforts to pick up a Senate seat in LD-1, fight for the majority in the General Assembly, and continue to add ideological diversity to our county and local governments. New Jersey residents deserve honest answers to our state’s real problems, and dishonest, Democratic spendthrifts like Phil Murphy and his bevy of rain tax, success tax, business tax, shore rental tax, Uber tax and gun taxes simply aren’t getting the job done. We can do better.”

Posted on March 8, 2019 March 7, 2019

New Jersey Society of Certified Public Accountants Issues Ominous Warning on Governor Murphy’s Proposed FY2020 Budget

the staff of the Ridewood blog

Statement by Ralph Albert Thomas, CPA (DC), CGMA, CEO and Executive Director, NJCPA

The headlines are bleak and all too familiar:

“New Jersey’s Budget Mess is Getting Even Worse” (March 4, 2019, Bloomberg)
“New Jersey Governor Again Seeks Higher Taxes on Wealthy” (March 4, 2019, Wall Street Journal)
“On the budget, Governor Murphy’s not being fair to the English language” (March 5, 2019, NJ.com)

The message is clear: New Jersey is facing a fiscal crisis, and we are not committing ourselves to the difficult decisions that will put the state on sound financial footing. While the New Jersey Society of Certified Public Accountants (NJCPA) commends Governor Murphy for addressing issues such as health care spending, high property taxes and the growth of small businesses in his budget presentation, there’s more work to be done.

Posted on March 6, 2019 March 6, 2019

GOP Chairman Steinhardt, ” When politicians say they will raise taxes on the wealthy, they always end up raising taxes on the middle and working classes “

the staff of the Ridgewood blog

Trenton NJ, GOP Chairman Steinhardt’s Statement on the Murphy Budget Address : Winston Churchill said it best. “An appeaser is one who feeds a crocodile, hoping it will eat him last.” When politicians say they will raise taxes on the wealthy, they always end up raising taxes on the middle and working classes, too.

Just last year, Phil Murphy and the Democrats set the bar for their Success Tax at $5M in income. Sounds like a lot, doesn’t it? But, one year later, these same Democrats redefine success as any family making more than $1M a year. Still sounds like a lot, I know. But, that’s an 80% drop from last year, and if the Democrats keep feeding and growing State government, you’re next.

Posted on February 28, 2019 June 27, 2021

Murphy & NJ Democrats Perpetuate a Fiscal Mess

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.

Posted on September 26, 2018 September 25, 2018

Americans Spend More on Taxes Than on Food, Clothing Combined in 2017

the staff of the Ridgewood blog

Ridgewood NJ, according to the Bureau of Labor Statistic’s new data on consumer expenditures, released this month.“Consumer units” (which include families, financially independent individuals, and people living in a single household who share expenses) spent an average of $9,562 on food and clothing in 2017, according to BLS. But they spent $16,749 on federal, state and local taxes.

Continue reading Americans Spend More on Taxes Than on Food, Clothing Combined in 2017