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59%  
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  • UPDATE: More Taxes Won't Cure New Jersey's Poor Fiscal Health, New Analysis Shows

    05/23/2006 1:44:10 PM PDT · by gusopol3 · 18 replies · 617+ views
    Yahoo News ^ | May 22, 2006
    To: State Desk Contact: Pete Sepp or Sam Batkins, 703-683-5700, both of the National Taxpayers Union Foundation ALEXANDRIA, Va., May 22 /U.S. Newswire/ -- Governor Jon Corzine's massive tax hike will do little to alleviate New Jersey's budget woes and attract new residents, according to a new study from the non-partisan National Taxpayers Union Foundation (NTUF). After reviewing years of data, NTUF found that despite over $3 billion in tax increases since Fiscal Year (FY) 2002, New Jersey is still sliding further into debt.