Jimmy Florio redux.
Heard on the local news 12 this morning that he also slipped a real estate "transfer" tax into the budget. If you sell your home in NJ this new tax is going to cost the average seller about $4,000
Drumthwacket? Sounds naughty!
Within five years the several thousand of the millionaires who call NJ home today will have moved out of state. Along with their companies, to states live Texas or Florida, or even North Carolina, taking with them tens of thousands of jobs. This budget is clearly unconstitutional, and if the courts don't enforce the law, there is no reason for the producers in the state to stay and have their taxes increased for the next decade to pay for continuously ballooning deficits and interest payments. The Democrats have decided they will be the biggest fish in a smaller pond, slashing and burning their way to a Massachusetts like permanent dominance in NJ county and state elected and appointed political and judicial offices.
Borrowing, which is specifically prohibited by the state constitution.
New Jersey, NJ, legislators poised to pass a budget early, 13% Increase! McGreevey will Sign
McGreevey skips spotlight and signs budget privately [budget boosts taxes by $1.7 billion and...]
N.J. Mulls Cosmetic Surgery Tax
FEC levels one of largest fines against NJ developer [McGreevey appointed Kushner...]
McGreevey's the boy who can't say no
Kerry holds slim lead over Bush in N.J. poll (Kerry 46, Bush 40, Nader 7; [2000: Gore 56, Bush 40])