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Sources Say Agreement Worked Out For N.J. Budget
wnbc.com ^ | 7/6/2006 | wnbc..com

Posted on 07/06/2006 10:56:41 AM PDT by westfield3

TRENTON, N.J. -- An agreement has been worked out that will result in a new budget for the state of New Jersey, sources told NewsChannel 4 on Thursday.

Gov. Jon Corzine and lawmakers are still hammering out details on how to spend the penny sales tax increase. Indications are at least half the revenue will go for property tax relief this year with larger amounts going for property tax relief in later years.

If lawmakers can begin acting on this deal, Atlantic City casinos could be open sometime this weekend and full state services would resume as early as Monday.

(Excerpt) Read more at wnbc.com ...


TOPICS: Government; US: New Jersey
KEYWORDS: budget; corzine; jersey; newjersey; nj; njbudgetcrisis
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Various media are reporting that behind closed doors, Corzine and democrat leaders have agred to a an over $1 billion sales tax increase "with half to go towards property tax relief" - and extending the sales tax to currently untaxed items.

Reportedly, as part of the deal Corzine and the Democrats will have a consitutional amendment added to the ballot in November to dedicate the increased sales tax to "property tax relief", allowing each of the dems a chance to "save face".

Either way, the budget will be increased over 10% - $3 Billion - and a wide array of taxes increased.

1 posted on 07/06/2006 10:56:46 AM PDT by westfield3
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To: westfield3
"....how to spend the penny sales tax increase."

AAAAAARRRGGHH!

2 posted on 07/06/2006 10:59:09 AM PDT by Williams
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To: westfield3

Ya!!!! Raised taxes for everyone!!!! Democrats rule!!!


3 posted on 07/06/2006 10:59:27 AM PDT by samadams2000
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To: westfield3
...consitutional amendment added to the ballot in November to dedicate the increased sales tax to "property tax relief"

Right....

4 posted on 07/06/2006 11:01:06 AM PDT by Fury
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To: westfield3

I imagine there are quite a few gambling addicts that will be happy to hear this news.


5 posted on 07/06/2006 11:01:34 AM PDT by Personal Responsibility (Amnesia is a train of thought.)
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To: westfield3

The political WHORES strike again!!!


6 posted on 07/06/2006 11:01:35 AM PDT by leprechaun9
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To: westfield3

Lets see just how much of this democrat "property tax relief" ever makes it to Republican municipalities.

I am willing to bet, that Sussex, Warren, Morris, Somerset, Ocean and Cape May counties get hosed big time.


7 posted on 07/06/2006 11:04:18 AM PDT by XRdsRev (The Democrat Party - Keeping Black folks on the "Plantation" since 1790)
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To: XRdsRev

Don't forget Monmouth county!


8 posted on 07/06/2006 11:05:17 AM PDT by divine_moment_of_facts ("Liberals see what they believe... Conservatives believe what they see")
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To: samadams2000

Aren't Democrats cute?


9 posted on 07/06/2006 11:05:31 AM PDT by Txsleuth (FREEPATHON TIME--HAPPY INDEPENDENCE DAY!!!)
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To: westfield3
Didn't Corslime campaign on a promise not to raise taxes? Or was it one of those Clintonian promises of "I won't raise taxes (unless I have to)"? In any case, this just proves the old axiom, elect 'Rats, get higher taxes. They go hand in hand. It's what 'Rats do. Good job, NJ.
10 posted on 07/06/2006 11:05:50 AM PDT by chimera
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To: westfield3
Indications are at least half the revenue will go for property tax relief this year with larger amounts going for property tax relief in later years.

I wonder if anyone will bother to ask them about the rationale for raising taxes in order to provide tax relief?

11 posted on 07/06/2006 11:06:15 AM PDT by trebb ("I am the way... no one comes to the Father, but by me..." - Jesus in John 14:6 (RSV))
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To: OldFriend; Fudd Fan; Bahbah; Mo1

PING...to new taxes!


12 posted on 07/06/2006 11:06:16 AM PDT by Txsleuth (FREEPATHON TIME--HAPPY INDEPENDENCE DAY!!!)
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To: westfield3
They were never debating whether or not to raise taxes, they were debating which ones to raise.

Just raise them all, so everybody's happy.

This state just seems ripe for the establishment of a Republican party. Sure could use one.

13 posted on 07/06/2006 11:06:43 AM PDT by dead (I've got my eye out for Mullah Omar.)
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To: westfield3

I'd love to see every conservative in New Jersey pack up and move out. Let's see the Democrats try to run a massive welfare state once all the producers are gone. (I know, shades of "Atlas Shrugged".)


14 posted on 07/06/2006 11:06:43 AM PDT by American Quilter (Equal laws protecting equal rights...the best guarantee of loyalty and love of country. -- Madison)
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To: westfield3
It always amazes me how dems have to RAISE taxes in order to give a TAX break...
15 posted on 07/06/2006 11:06:47 AM PDT by 2banana (My common ground with terrorists - They want to die for Islam, and we want to kill them.)
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To: trebb
I wonder if anyone will bother to ask them about the rationale for raising taxes in order to provide tax relief?

It's the only way Bob Torricelli, Robert Menedez and Sharpe James can get their fair share of the booty.

16 posted on 07/06/2006 11:10:25 AM PDT by dead (I've got my eye out for Mullah Omar.)
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To: dead

That's a bummer, man.

17 posted on 07/06/2006 11:13:09 AM PDT by Huck (Hey look, I'm still here.)
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To: 2banana

Exactly! It's all word games. Why not just drop the sales tax increase and save a lot of paperwork. The amendment that needs to be placed on the November N.J. ballot is a sales, property and income tax cap.


18 posted on 07/06/2006 11:13:46 AM PDT by Brad from Tennessee (Anything a politician gives you he has first stolen from you)
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To: Txsleuth
...to new taxes!

All those surprised by this .. raise your hands

19 posted on 07/06/2006 11:17:05 AM PDT by Mo1 (http://www.youtube.com/watch?v=ePb6H-j51xE&search=Democrats)
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To: Brad from Tennessee

We have a budget deficit in New Jersey.

LOWER YOUR SPENDING!!!


20 posted on 07/06/2006 11:18:48 AM PDT by OneRatToGo
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