This is a great example of why this state is failing. The Federal government increases the pain we all feel by changing the property tax deduction which lowers our property values and the state increases the taxes on the decreasing value of our property. This in turn makes staying in NJ less viable, which again, lowers our property values. Instead of realizing that we need real structural changes in the state to bring the fiscal house in order, we are led by people that don’t know that eventually you run out of other people’s money.
