Posted on 07/11/2020 7:13:16 PM PDT by Coleus
Wow Good answer this is not going to end well
Just be honest the only thing dems can do is destroy
ROTFL!
Please move quickly.
Ah, I miss the good old days when massive public borrowing had to be on the ballot to be authorized by voters. Now two guys just get to have a martini together and agree on a number and NJ taxpayers are screwed, no fuss no muss.
These states can’t hope to attract new businesses, and have a difficult time keeping existing ones, because everyone knows these bills have to be paid. Moving here is just buying a share in a massive IOU, and it can’t be concealed.
I’ve described in the past the situation in NJ, where much of the current revenues are paying for goodies for employees who retired decades ago; now they are going to pay for goodies for people who for the most part had (and will continue to have) paid furloughs.
I don’t get it. Why doesn’t the governor just issue an EO telling everyone to send more money? What’d I miss here?
We have a property tax cap of 2% that I believe can only be circumvented with ballot questions; as we have “home rule” (most municipalities paying their own bills), this is where much of the impact will be felt. Unpaid workers and failing businesses are unable to pay their property tax bills, which is a primary funding source here - while few if any municipal workers have been furloughed.
Don’t we still have to vote on bond issues?
ML/NJ
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