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Clinton in Paramus for Murphy ,Judicial Watch releases Conflict-of-Interest Rulings that led to $48 Million in Income for Clinton Entities

Bill Clinton

October 24,2017

the staff of the Ridgewood blog

Paramus NJ, Bill Clinton is coming to Paramus to campaign for Phil Murphy The Democratic front-runner in New Jersey’s governor’s race today . This coincides with the latest Judicial Watch announced of the release of more than 200 conflict-of-interest reviews by State Department ethics advisers of proposed Bill Clinton speaking and consulting engagements during Hillary Clinton’s tenure as secretary of state. The documents were obtained as result of a federal court order in a Freedom of Information Act (FOIA) lawsuit filed against the State Department on May 28, 2013 (Judicial Watch v. U.S. Department of State (No. 1:13-cv-00772)). The lawsuit is ongoing.

June 2011 documents show that the State Department approved a consulting arrangement with a company, Teneo Strategy, led by controversial Clinton Foundation adviser Doug Band. The Clintons ended the deal after only eight months, as criticism mounted over Teneo’s ties to the failed investment firm, MF Global.

Mr. Clinton’s office proposed 215 speeches around the globe. And 215 times, the State Department stated that it had “no objection.”

Mr. Clinton’s speeches included appearances in China, Russia, Saudi Arabia, Egypt, United Arab Emirates, Central America, Europe, Turkey, Thailand, Taiwan, India and the Cayman Islands. Sponsors of the speeches included some of the world’s largest financial institutions—Goldman Sachs, Bank of America, Deutsche Bank, American Express and others—as well as major players in technology, energy, health care and media. Other speech sponsors included a car dealership, casino groups, hotel operators, retailers, real estate brokers, a Panamanian air cargo company and a sushi restaurant.

“These documents are a bombshell and show how the Clintons turned the State Department into a racket to line their own pockets,” said Judicial Watch President Tom Fitton. “How the Obama State Department waived hundreds of ethical conflicts that allowed the Clintons and their businesses to accept money from foreign entities and corporations seeking influence boggles the mind. That former President Clinton trotted the globe collecting huge speaking fees while his wife presided over U.S. foreign policy is an outrage. No wonder it took a court order to get these documents. One can’t imagine what foreign policy issues were mishandled as top State Department officials spent so much time facilitating the Clinton money machine.”

Under established protocols of the State Department, and supplemented by a December 2008 Memorandum of Understanding between the Clinton Foundation and Obama Presidential Transition Team, a designated ethics official from the State Department’s legal office was assigned to review any “potential or actual conflict of interest” for Mrs. Clinton while she served as secretary of state. Copies of all decisions were sent to a top adviser to Secretary Clinton, Cheryl Mills, who served as counselor and chief of staff at the Department of State.

The Washington Examiner published a report today on the documents by Judicial Watch Chief Investigative Reporter Micah Morrison and Examiner Senior Watchdog Reporter Luke Rosiak. Morrison and Rosiak note that Mr. Clinton “earned $48 million while his wife presided over U.S. foreign policy, raising questions about whether the Clintons fulfilled ethics agreements related to the Clinton Foundation during Mrs. Clinton’s tenure as Secretary of State.”

According to the State Department documents:

Mr. Clinton spoke before a UBS Wealth Management audience in Chicago in April, 2012. The State Department document notes that attendees would be “approximately 300-400 ultra-high net worth clients, prospective clients, and UBS Financial Advisers.”

Mr. Clinton spoke to an event hosted by Wells Fargo in San Francisco in October, 2011. The State Department document notes that the event is “being held for Wells Fargo Private Bank and Wells Fargo Family Wealth Group clients, which are clients that have at least $5 million and $50 million in assets respectively.”

At a “mutually agreeable date” in April 2010, Mr. Clinton was due to speak at Mohegan Sun Casino in Connecticut. “This would be a private speech of up to 350 friends and patrons on Mohegan Sun,” the State Department document noted. “The event will not be open to the public. The event will not be publicly advertised.”

For a speech in Moscow in June 2010 sponsored by the investment bank Renaissance Capital, Mr. Clinton would address the theme of “Russia and the Commonwealth of Independent States: Going Global.” The document notes that “Renaissance Capital is an investment bank focused on the emerging markets of Russia, Ukraine, Kazakhstan, and sub-Saharan Africa.”

At the Ritz Carlton in Grand Cayman, Cayman Islands, Mr. Clinton spoke at a March 2011 ticketed event targeting “the business community in Grand Cayman.”

The potential for conflicts of interest between Hillary Clinton’s role as Secretary of State and Bill Clinton’s international ventures grew increasingly controversial in late 2008 when the former president released a list of donors to his library and foundation in what he termed “a deal between” Obama “and Hillary.” According to an AP wire story, “Saudi Arabia gave $10 million to $25 million to the foundation. Other government donors include Norway, Kuwait, Qatar, Brunei, Oman …” CNN at the time warned that Clinton’s “complicated global business interests could present future conflicts of interest that result in unneeded headaches for the incoming commander-in-chief.”

The controversy deepened further when it was revealed that among those vetting Mrs. Clinton for the job of Secretary of State was Bill Clinton’s former deputy White House counsel Cheryl Mills, a longtime Clinton family confidant, who, the Washington Postwrote in 1999 “endeared herself to the Clintons with her never-back-down, share-nothing, don’t-give-an-inch approach …” After clearing Mrs. Clinton for the DOS job, Mills was named the incoming Secretary’s Chief of Staff. Ms. Mills was a featured speaker at Bill Clinton’s 2012 Clinton Global Initiative annual meeting.

In an April 28, 2008, ruling relating to Ms. Mills conduct as a White House official in responding to concerns about lost White House email records, Judge Royce C. Lamberth called Cheryl Mills’ participation in the matter “loathsome.” He further stated Mills was responsible for “the most critical error made in this entire fiasco… Mills’ actions were totally inadequate to address the problem.” Ms. Mills is currently on the Board of Directors of BlackRock, a leading investment firm. BlackRock is run by Larry Fink who reportedly wanted to be Treasury Secretary for Barack Obama and now, according to another report, is “angling for the job” in a Hillary Clinton administration.

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Assemblywomen Offers Straight talk on Tax Reform

Holly Schepisi and Bob Auth

photo of Holly Schepisi and Bob Auth

October 22,2017

the staff of the Ridgewood blog

River Vale NJ, assemblywomen Holly Schepisi  reiterates our thoughts on tax reform and the poor position New Jersey is in being one of the highest taxed states in the nation. ”  Thinking about property taxes, New Jersey and the federal property tax deduction. New Jersey residents pretty much get hosed in every way possible when it comes to taxes. Residents in the communities I represent and the other residents of Bergen County currently pay about 30 percent of the entire NJ State Budget and receive back less than 3 percent of that money. At the federal level New Jersey only gets back 74 cents for each $1 it sends to Washington, making it the lowes…t reimbursement in the country.”

“As a result of ridiculously unfair school funding formulas, our residents pay the highest property taxes in the nation. The ONLY tax relief our residents have had is the ability to deduct our property taxes from our federal tax returns. Now the US Senate has voted to eliminate this deduction. I wholeheartedly disagree with the Senate Republicans on this issue. However I also put blame at the feet of the NJ Democrats who have controlled the New Jersey legislature for 16 years and our US Senators who have been controlled by the Democrats since 1982 (other than a short several month stint by Jeff Chiesa). How and why do we have the highest property taxes in the nation? Why do we receive the least amount of funding back from the federal government? Why won’t my Bergen County colleagues on the other side of the aisle fight alongside me for fairer funding of OUR residents? We cannot continue doing things the same way in this State. It is reaching a breaking point for our working middle class and our seniors. I hear campaign slogans about suburbs having to “pay their fair share.” We pay well beyond our “fair share” and we all must stand up together and fight back while we still can.”

District 39 – (Bergen and Passaic)  Bloomingdale, Closter, Demarest, Dumont, Emerson, Harrington Park, Haworth, Hillsdale, Mahwah, Montvale, Norwood, Oakland, Old Tappan, Park Ridge, Ramsey, Ringwood, River Vale, Saddle River, Upper Saddle River, Wanaque, Washington (Bergen), Westwood, Woodcliff Lake  .

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Bergen County made the American Cities Will File Bankruptcy Next list…………………

Bergen County Executive Jim Tedesco

Which American Cities Will File Bankruptcy Next?

by Tyler Durden
Oct 6, 2017 3:50 AM

We harp on the massive, unsustainable, yet largely unnoticed, debt burdens of American cities, counties and states fairly regularly because, well, it’s a frightening issue if you spend just a little time to understand the math and ultimate consequences.  Here is some of our recent posts on the topic:

Luckily, for those looking to escape the trauma of being taxed into oblivion by their failing cities/counties/states, JP Morgan has provided a comprehensive guide on which municipalities haven’t the slightest hope of surviving their multi-decade debt binge and lavish public pension awards.

If you live in any of the ‘red’ cities below, it just might be time to start looking for another home…

To add a little context to the map above, JP Morgan ranked every major city in the United States based on what percentage of their annual budgets are required just to fund interest payments on debt, pension contributions and other post retirement benefits.

The results are staggering.  To our great ‘shock’, Chicago residents win the award of “most screwed” with over 60% of their tax dollars going to fund debt and pension payments.  Meanwhile, there are a dozen municipalities where over 50% of their annual budgets are used just to fund the maintenance cost of past expenditures.

As managers of $70 billion in US municipal bonds across our asset management business (Q2 2017), we’re very focused on credit risk of US municipalities.

The chart below shows our “IPOD” ratio for US states, cities and counties.  This measure represents the percentage of a municipality’s revenues that would be needed to pay interest on direct debt, and fully amortize unfunded pension and retiree healthcare obligations over 30 years, assuming a conservative return of 6% on plan assets.  While there’s no hard and fast rule, municipalities with IPOD ratios over 30% may eventually face very difficult choices regarding taxation, non-pension spending, infrastructure investment, contributions to unfunded plans and bond repayment

https://www.zerohedge.com/news/2017-10-05/these-two-charts-depict-which-cities-will-file-bankruptcy-next?page=1

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Moving Out Costs New Jersey Big

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file photo by Boyd Loving

September 25,2017

the staff of the Ridgewood blog

Ridgewood NJ, The Garden State saw a net decrease in population, with the number of people that moved out of the state of roughly 33,700, costing New Jersey about $2.6 billion in taxable income between 2014 and 2015, according to a USA Today Network analysis of IRS migration data.

New Jersey is constantly ranked as the worst business climate in the USA and the state the leads the nation in people wanting to leave .

According to OpportunityNJ, New Jersey ranks dead last in national rankings on the impacts of our four most significant taxes: property, income, sales and corporate business tax.Outmigration of New Jersey residents has had a significant impact on the state’s economy. High taxes and numerous barriers for business operations are causing people to leave the state which has led to the loss of income, economic activity and job creation.

OpportunityNJ (ONJ) is a non-partisan, grassroots coalition comprised of New Jersey interests representing employers, employees, business, trade groups, community organizations and other concerned citizens in the State.

This exodus has become so concerning to New Jersey business leaders that they have championed a campaign to make the state more affordable for its residents and more attractive to out-of-state residents on the move.

“We are at the bottom of every tax ranking. We have an affordability issue. We know why people are leaving,” Michele Siekerka, president and CEO of New Jersey Business and Industry Association.

Her organization estimates that New Jersey has lost over $21 billion in adjusted gross income since 2004 from people leaving the state. That translates to about 87,000 jobs, $13 billion in lost economic activity and $4.6 billion in lost labor income, Siekerka said.

Addressing the affordability issue would help keep seniors and millennials, both of which are the leading demographic groups leaving New Jersey, Siekerka said. When seniors leave, they take with them the bulk of the lost income. But when millennials flee, they take with them a life time of potential earnings. It’s a hit to the state’s future workforce, which means the state sees no benefit from roughly $250,000 per student in public education spending.“We invest in our K-12 education system significantly to have a good product,” Siekerka said. “When millennials leave New Jersey, we aren’t getting a return on that investment.”

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Opinion: Doing the Murphy Math — Taxing Millionaires Won’t Cut It

Phill Murphy -Sara Medina del Castillo

Carl Golden | September 20, 2017

Dragging the Christie anchor behind her, Guadagno can’t get any traction when it comes to warning voters what her rival’s programs could cost

Carl Golden

The year was 1938. Franklin D. Roosevelt occupied the White House, struggling to lift the nation from the depths of its most punishing Great Depression.

History has it that Harry Hopkins, head of the Works Progress Administration (WPA) and Roosevelt’s closest and most trusted advisor, recommended unprecedented massive government intervention as the solution.

“We shall tax and tax, spend and spend, elect and elect,” Hopkins is supposed to have said to the president, a blunt assessment for breaking the bleak economic circumstances of the time by extracting money from the wealthy, spending vast sums of it on public works job creation, and basking in subsequent electoral victories delivered by a grateful nation.

Hopkins later disputed reports of his rather cynical political calculation, but the legend lives on. (Note: Hopkins’ remark was first reported by the New York Times. His denials may be the first recorded allegation of “fake news” directed at the Times.)

https://www.njspotlight.com/stories/17/09/19/opinion-doing-the-murphy-math-taxing-millionaires-won-t-cut-it/

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We owe HOW much? Why NJ has worst taxpayer burden in nation

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By David Matthau September 19, 2017 7:13 PM

Here’s a real shocker.

A new report gives New Jersey a grade of “F” for having the worst finances of any state in the nation.

According to Sheila Weinberg, the CEO of Truth in Accounting, a think tank that analyzes government financial reporting, New Jersey’s finances have been in a free-fall for the past three years.

“If you divide the amount of money needed to pay all of New Jersey’s outstanding bills by the number of state residents, each taxpayer’s burden is $67,200,” she said.

“This represents the amount that each taxpayer would have to send to the state capital just to bring the state’s finances back into a balance.”

She pointed out another way to look at it is this is the amount of money New Jerseyans will have to pay in the future in taxes, but they won’t receive any benefits or services.

 

Read More: We owe HOW much? Why NJ has worst taxpayer burden in nation | https://nj1015.com/we-owe-how-much-why-nj-has-worst-taxpayer-burden-in-nation/?trackback=tsmclip

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Free college for all! (Except if you’re a NJ taxpayer)

0904bcc

By Bill Spadea September 19, 2017 5:44 PM

If Democratic candidate for Governor gets his way in November, his first few months in office will likely be a big change for the Garden State. With a likely strong majority in both houses of the legislature his spending proposals and tax increases will likely sail through to his desk and become the new normal in New Jersey.  Although if you take a critical look back over the past two terms with Republican Chris Christie, he really did foam the runway for higher taxes, new spending and more borrowing. See: Gas Tax, Question #2 and State House Renovation.

But Murphy is different.  While Christie campaigned as a fiscally responsible tax cutter, Murphy is at least being honest about his plan to raise your taxes.  What’s worse is that he’ll have the power to do it, nearly unchecked with a rubber stamp legislature counting on his massive wealth and insider connections to help them stay in power for the foreseeable future.

His latest spending place is free community college for everyone. I spent the better part of the morning discussing that there are several big problems and challenges with his plan.

The first is the cost.  The expected winner of the November contest, Phil Murphy (although political predictions  sometimes get it slightly wrong…See Hillary 2016) has said that it should only cost the taxpayers $400 million. Hmm, we’ve heard a similar number before. Remember the $38 million dollar state house renovation that over night turned into $300 million? Then the borrowing costs drove the potential cost to between $500 and $700 million? The Governor has referred to such amounts as nothing more than “rounding errors,” as if to say we have plenty of money and this is only a drop in the bucket. Seems Murphy has taken the same tactic as the Governor to downplay the real problem of out-of-control, unchecked spending. Yes, $400 million is small when compared to the overall $35 billion in our state budget.  But what about the tens of millions in debt?  What about the $100 million plus in unfunded future liabilities? What about the fact that we’re planning to borrow billions more for light rail projects? What about the fact that the gas tax is already in place to secure future borrowing, and now the Democrats are talking about raising fees on toll roads and fees?

The second issue is the focus on college as a ‘one size fits all’ solution.  Why are we not discussing the very real opportunity of kids graduating college and getting into a trade? Electricians, plumbers, truckers, HVAC, hair stylists, food and entertainment and even jobs in the medical field are all critical elements of New Jersey’s economy. You can become a Licensed Practical Nurse without a college degree. All of these professions are respected and can afford a person a good living while keeping them out of the hole of higher education debt. The practical training in a specific field may be the best way for people to make it on their own and start their careers without a burden of debt on themselves, if Murphy gets his wish, on the rest of us.

Read More: Free college for all! (Except if you’re a NJ taxpayer) | https://nj1015.com/free-college-for-all-except-if-youre-a-nj-taxpayer/?trackback=tsmclip

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Ridgewood Blog Poll : Biggest Issue in Ridgewood is Taxes

ridgewood real-estate

Parking   31 %
Unelected Special Interests   6.9 %
Urbanization 11 %
Taxes          33.1 %
CBD                 2 %
Development    7.3 %
Cost of Living   8.7 %

September 16,2017

the staff of the Ridgewood blog

Ridgewood NJ, the long running Ridgewood blog poll  gave us an interesting take on what residents feel are the biggest issues in the Village . As expected taxes garnered 33.1 % of the vote , trailed by a close second Parking with 31% .Urbanization came in a distant 3rd with 11%  followed by cost of living 8.7% , surprisingly development at 7.3% ,unelected special interests 6.9% and last the Central Business District (CBD) with a mere 2%. The CBD number may be more of a parking issue and a cost of living or Urbanization issue but despite all the hub bub from certain sectors ,no one seems to think its an issue .

While our crack staff concluded that even if you combined Urbanization and development it still only came in with 18.3% , which was still a distant 3rd . Adding unelected special interests ie developers and out side political interference that would still leave it in 3rd place with a 25.2%.The conclusion being that most residents do not object to development but perhaps its the size and scale that seem to raise the ire .

Taxes as expected is the number one issue in town and in New Jersey and its also the number one reason for people leaving the state , the assumption being residents vote with their feet and see no evidence that taxes will even stabilize anytime soon. Feeding the say yes to everything because your moving out on graduation day and most likely meaning that all the “Age Friendly” Ridgewood stuff is just a complete waste of time.

We don’t think the polls told us anything different that we expected , but given all the talk from local officials  about trees, ball fields , schools , the CBD, quality of life issues , most readers seem ready to park their cars in a new state as soon as soon as the graduation pronouncement is made.

 

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New Jersey Population Sinks for the First Time in a Decade

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September 16,2017

the staff of the Ridgewood blog

Ridgewood NJ, New estimates from the American Community Survey which is billed as the premier source for detailed information about the American people and workforce , suggest New Jersey lost about 13,000 people from 2015 to 2016, which would reverse several years of slow growth since the state was decimated by the housing crisis in the mid-to-late-2000s.

If this holds New Jersey may have lost population for the first time in a decade .  Household formation is one of the key economic drivers . A loss of population could lead to further economic stagnation, a reduced tax base and a potential loss of a congressional district.

While many debate the issue analysis by NJ Advance Media (NJ.COM) shows about 226,000 people moved out of the state between 2015 and 2016, about 30,000 less than the total who moved to the Garden States from within the country and abroad.

With a historically low birth rate, New Jersey’s growth in recent years has hinged upon immigration . However the number of people leaving keeps growing, stagnating the state’s population on the cusp of nine million.

Poll after poll list New Jersey as the state most people want to leave . High taxes, particularly property taxes, estate taxes , high cost of living , state corruption and limited job opportunities  are all sighted as reasons to flee New Jersey.

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Budget Basics: How New Jersey Spends Your Money

Trenton_New_Jersey

 

Richard F. Keevey | September 13, 2017

A series that details the fundamentals of New Jersey’s budget, as well as its current budget woes

Richard F. Keevey

This is the first in a multipart series outlining New Jersey’s fiscal fundamentals, written by Richard F. Keevey, the former budget director and comptroller for New Jersey and currently a senior policy fellow at the School of Planning and Policy at Rutgers University. The idea behind this series is to demystify some of the state’s financial challenges, and put them in context of the broader issues New Jersey faces. It’s also intended as a way to underscore the importance of state government in a year that will see a new governor and a new Legislature chosen by voters.

New Jersey has a strong central government. The governor has potent appointment and financial powers. New Jersey’s local governments like to tout their home-rule powers — and they’re correct in certain circumstances — but when it comes to municipal, county, and school finance the state’s powers and oversight are quite significant.

The office of the governor is viewed as the strongest in the country. Unlike many states, New Jersey’s governor (and lieutenant governor) are the only officers elected statewide, and all cabinet officers and principal state officials are appointed by the governor — unlike Pennsylvania, Delaware, and New York, for example, where several cabinet officials are elected.

https://www.njspotlight.com/stories/17/09/12/budget-basics-how-new-jersey-spends-your-money/

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IN NJ, AS IN NEARBY STATES, COMPETITIVENESS DRIVES AFFORDABILITY

for sale Ridgewood_Real_Estate_theRodgewopodblog

file photo by Boyd Loving

The only way to stem our tide of outmigration is to bring our economic policies in line with our direct regional competitors — Pennsylvania and New York

September 4,2017
written by OpportunityNJ June 26, 2017

Ridgewood NJ, New Jersey has many positive attributes. We added almost 60,000 jobs in 2016, the state’s largest gain since 2000, according to the New Jersey Department of Labor and Workforce Development. We have among the best K-12 public education systems in the nation and a highly skilled workforce including the highest concentration of scientists and engineers in the world — more than 225,000 statewide.

New Jersey also has a strong transportation network. We are home to the Port of New York and New Jersey, the third largest seaport in North America and the largest and busiest maritime cargo center on the East Coast. And we are among the national leaders in logistics and distribution. New Jersey is also a great recreation state with more than 130 miles of shoreline, beautiful parks, and mountains.

Despite these great assets, New Jersey remains a significant outlier, both nationally and regionally when comparing competitiveness and affordability including our state’s high cost of living and its heavy tax burden. New Jersey’s border states, Pennsylvania and New York, continue to be the No. 1 and No. 2 outmigration states for New Jersey residents and are challenging our competitiveness.

To reverse this trend we must examine our policies on taxation, revenue generation, and spending, and we must do so through the filter of competitiveness and affordability.

Outmigration by the numbers

In February 2016, the NJBIA issued Outmigration by the Numbers: How do we Stop the Exodus? This report found that New Jersey lost $18 billion in net-adjusted gross income over a decade. We have now updated this data to include 2015 data and have learned the loss has since grown to nearly $21 billion over 11 years (2004-2005 through 2014-2015). Further, we found the largest outmigration group continues to be millennials followed second by those nearing retirement and retirees.

Last November, New Jersey took the first step in the long road toward comprehensive tax reform by phasing out the estate tax and sharply increasing the income tax exclusion for pension and retirement income. The estate tax elimination and the pension tax reduction should help stem the outmigration of seniors and small businesses. While this is a good start, there is much more that must be done.

New Jersey ranks in the bottom six of every single tax category — income, property, sales, corporate, and inheritance. And we are in the bottom 10 of all states in combined state and local debt. Further, New Jersey residents pay the fifth-highest percentage of their household income on rent of any state and pay the fourth-highest median monthly rent of any state.

New Jersey’s top income tax rate is 8.97 percent and ranks as the sixth highest in the country. Our neighbors to the north and the west offer a better income tax rate than we do, with New York’s top income tax rate at 8.82 percent and Pennsylvania’s income tax rate flat at 3.07 percent.

Out-of-control property taxes

New Jersey has an average property tax bill of $8,549 and collects $2,924 per capita in property taxes, both of which are the highest in the nation. New York at $2,435 and Pennsylvania at $1,338 per capita are considerably lower than New Jersey, as is the national per capita of $1,300.

New Jersey has the fifth-highest corporate income tax (9 percent) in the nation. New York ranks 24th, offering a lower corporate tax rate of 6.5 percent. While Pennsylvania has a higher corporate income tax rate at 9.9 percent, it has a much more favorable personal income, property, and inheritance tax climate that offsets this tax impact.

While New Jersey is in the process of eliminating the estate tax by 2018, we still have an inheritance tax. Only five other states — Nebraska, Kentucky, Iowa, Pennsylvania, and Maryland — even have an inheritance tax. Further, while Pennsylvania has an inheritance tax, the state mitigates the impact of this tax on small businesses.

New Jersey’s debt picture is no different than its tax climate. We are near the bottom of the national rankings in every debt category. Overall, as of June 30, 2015 the state had more than $153 billion in bonded and nonbonded indebtedness according to the fiscal year 2015 state debt report.

The state’s high level of debt and the need to generate revenue to pay off the debt is a major factor that affects the ability to lower the state’s tax burden to improve the level of affordability for individuals, families, and businesses. However, we can no longer increase our tax burden in order to raise revenue to pay down this enormous debt. This would only make New Jersey even less competitive and would surely feed into an exit strategy for New Jersey businesses and residents.

The time is now to revisit and completely review our economic policies on taxation, revenue generation, and spending and we must do so with a sense of urgency. We must look at how we spend our tax dollars and be honest about the fact that our current economic paradigm is just not sustainable. Failing to do so now will compound the problem for the generations to come.

The only way to stem our tide of outmigration is to bring our economic policies in line with our direct regional competitors — Pennsylvania and New York. Becoming more competitive means becoming more affordable so that businesses will want to locate here and taxpayers will want to live here.

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Municipal consolidation: Will it mean mergers or collisions?

shotgun wedding

 

Updated on September 3, 2017 at 8:02 AM Posted on September 3, 2017 at 6:30 AM

With an election coming up, we’re hearing a lot about consolidating towns and school districts as a means of solving our property-tax problem.

Before this goes any further, let me warn all involved about the nature of such transactions.

Consolidations are like weddings. There are two types: weddings of attraction, into which both partners enter willingly; and shotgun weddings, in which one party takes part only because of compulsion.

The latter describes one Monmouth County town that I covered in the waning days of the Corzine administration, Loch Arbour.

The elected officials of this charming little town by the sea entered into a mutually beneficial pact with nearby Ocean Township when they set up a shared-services agreement. They would send their kids to Ocean schools in return for a per-pupil payment of about $15,000 per year.

https://www.nj.com/opinion/index.ssf/2017/09/municipal_consolidation_will_it_mean_mergers_or_co.html#incart_river_home

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Will Phil Murphy be a union yes-man?

look_4_the_Union_label_theridgewoodblog

By Star-Ledger Editorial Board

[email protected]

New Jersey has the highest property taxes in the nation, a crushing burden to middle-class families and indisputably the top concern of voters.

It’s a problem that can’t be solved until we contain the salaries and benefits of public workers. That is not a liberal view, or a conservative view. It is about the math. And it’s up to the next governor to face it.

The first test is coming soon, when a law setting a 2 percent cap on salary increases for police and firefighters in arbitration settlements is set to expire in December. The Republican candidate, Lt. Gov. Kim Guadagno, wants to renew the cap. But the front-runner, Democrat Phil Murphy, is keeping his options open.

https://www.nj.com/opinion/index.ssf/2017/08/will_phil_murphy_be_a_union_yes-man_editorial.html

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Reader says Ridgewood Residents have never had a tax increase they didn’t like

BOE_theridgewoodblog

Yes , everyone payes taxes but it is the long time residents who are burdened with the annual tax increases. Were you around when Ridgewood had the bright idea of adding a pool to the high school so the snowflakes did not have to travel to the YMCA? Fortunately, common sense prevailed and the pool was voted down. Not everyone has a bottomless bank account.
Take a look at the curriculum and see where some non-essential classes could be eliminated.
The all-knowing Board of Education eliminated shop class and an auto mechanic class a number of years ago because the residents thought these classes were below “Ridgewood educational standards ” and “decreasing enrollment”. These career paths can lead to financial independence as young adults. But I digress…

Final thoughts…Ridgewood never had a tax increase they didn’t like and they definitely don’t believe in the term ” budget neutral”.

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Exclusive: Murphy Plans to Raise $1.3 Billion in Taxes

Phill Murphy -Sara Medina del Castillo

Tax hikes for millionaires, hedge fund managers, large corporations and pot smokers anchor Democrat’s plan.

Phil Murphy’s proposed tax increases would raise roughly $1.3 billion a year, his spokesman told Observer on Thursday, releasing for the first time a cost estimate of the Democratic gubernatorial nominee’s plans to pay for a multitude of campaign promises.

A separate $80 million to $100 million would be generated through savings from reining in out-of-network health care costs for public workers covered by state plans, the spokesman said, for a total annual gain of $1.4 billion in revenue.

https://observer.com/2017/08/exclusive-murphy-plans-to-raise-1-3-billion-in-taxes/?utm_campaign=new-jersey-politics&utm_content=2017-18-08-10376743&utm_source=Sailthru&utm_medium=email&utm_term=channel-new-jersey-politics-distribution