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New Jersey’s Unemployment Rate Stagnates Amid Economic Shifts

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the staff of the Ridgewood blog

Trenton NJ, New Jersey’s unemployment rate has remained nearly unchanged for almost a year, now ranking as the sixth highest in the nation, according to recent data. As the national labor market shows signs of slowing down, high interest rates and corporate downsizing have left their mark on the state’s economy. The Federal Reserve is holding rates steady and may cut rates just once in 2024.

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Assembly Republican Conference Leader Calls for Full NJ Transit Audit Before Hiking the Sales Tax

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the staff of the Ridgewood blog

Trenton NJ, Assembly Republican Conference Leader Christopher DePhillips is calling on legislative leaders to take tax increases off the table as Democrats discuss hiking the sales tax to fund NJ Transit during the final weeks of state budget negotiations. Instead, DePhillips wants to do a top-to-bottom review of NJ Transit to identify waste and cost-saving measures.

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New Jersey Residents Pay Close to $1 Million in Taxes From Birth to Death

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the staff of the Ridgewood blog

Trenton NJ, as April 15th , Tax Day approaches, let’s delve into some eye-opening statistics about state taxes and migration patterns. According to Self Financial, New Jersey residents bear the weight of the highest lifetime tax burden, averaging just shy of $1 million ($987,117).

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New Jersey’s Economic Competitiveness Goes From Bad to Worse

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the staff of the Ridgewood blog

Trenton NJ, a collection of more than 100 business, labor and nonprofit groups have sent a letter to all members the New Jersey Legislature urging them to oppose Gov. Phil Murphy’s proposed $1-billion-plus business tax increase on business in the FY25 State Budget.

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Ridgewood High School Students File Taxes

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photos courtesy of Ridgewood Schools

the staff of the Ridgewood blog

Ridgewood NJ, April 15th is just a hop, skip, and a jump away, so some RHS students in Mrs. Anderson’s Statistics with Finance course learned about filing taxes and completed a 1040 form activity, using either their own W2 or a sample W2 to file their 2023 tax return!

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WalletHub Study: New Jersey Is 2024’s State with the 9th Worst Taxpayer ROI

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the staff of the Ridgewood blog

Ridgewood NJ, with Tax Day coming up on April 15 and 72% of Americans thinking their current tax rate is too high, WalletHub today released its report on the states with the Best & Worst Taxpayer Return on Investment in 2024, as well as expert commentary.

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Just When You Thought It Couldn’t Get Any Worse ,NJ Business Climate Ranked Worst in Region and Declining

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the staff of the Ridgewood blog

Trenton NJ, NJBIA released its 2024 Regional Business Climate Analysis showing New Jersey continues to remain last in the region by a wide margin in terms of business taxes and cost competitiveness.

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Village of Ridgewood 2024 Budget Calls for a 2.74% Tax Increase

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file photo courtesy of Boyd Loving

the staff of the Ridgewood blog

Ridgewood NJ, the Village of Ridgewood Council convened on Wednesday evening to address the 2024 fiscal year budget and receive a comprehensive overview of spending levels from 2023. Village  Manager Keith Kazmark and Village CFO Bob Rooney presented the budget specifics to the mayor and council during the session.

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New Jersey Chamber of Commerce Wakes Up , Scolds Trenton Democrats Calling 2.5% CBT “Punitive and Egregious”

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By Scott Goldstein, Communications Manager, N.J. Chamber of Commerce

Trenton NJ, New Jersey Chamber of Commerce President and CEO Tom Bracken, delivering testimony this morning in front of the Assembly Budget Committee, said the proposed $56 billion state budget would inflict damage on New Jersey’s economy and its reputation as an improving destination to run a business. Bracken primarily took aim at what he called a “punitive and egregious” 2.5% Corporation Business Tax hike on the state’s biggest employers.

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‘Do Better for Business’ Video Campaign to Shed Light on New Jersey’s Anti-business Policies

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the staff of the Ridgewood blog

Trenton NJ, with Gov. Phil Murphy and some lawmakers continuing to advance policies that will harm New Jersey businesses of all sizes, NJBIA is launching a Do Better for Business awareness video campaign to hold them accountable and to bring more concise visibility to anti-business policies that require change.

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NJ CPA’s Point Out the Obvious Disincentives with Murphy Administrations Anti-Business Corporate Surcharge

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the staff of the Ridgewood blog

Roseland NJ, this afternoon, Governor Phil Murphy delivered his budget proposal for New Jersey’s 2025 fiscal year which begins July 1. After months of reassuring the state’s business community that he would let the 2.5% Corporation Business Tax (CBT) surcharge expire, he has proposed reinstating it and returning New Jersey to its status as an extreme outlier for business taxes.

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Small Business Association Blasts Governor Murphy and Trenton Democrats on Latest Tax Increase Push

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the staff of the Ridgewood blog

Trenton NJ, the National Federation of Independent Business (NFIB), the nation’s leading small business advocacy association, released the following statement by State Director Eileen Kean in response to Gov. Phil Murphy’s new budget message.

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What You Need to Know About Running an Offshore Company?

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Running an offshore company can be an attractive option for entrepreneurs looking to expand their business horizons. The prospect of favorable tax policies, privacy provisions, and access to global markets make offshore jurisdictions appealing.

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New Jersey Is 2024’s State with the Highest Real-Estate Property Taxes

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the staff of the Ridgewood blog

Ridgewood NJ, Each year, the average American household spends $2,869 on real-estate property taxes plus another $448 for residents of the 26 states with vehicle property taxes.

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New Jersey Is the State with the 2nd Worst Unemployment Rate Change

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  • the staff of the Ridgewood blog

Trenton NJ, with the U.S. having gained 216,000 jobs in December, WalletHub today released updated rankings for its report on Changes in Unemployment Rate by State, along with a WalletHub Q&A.

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