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Thread: New Jersey is Doing Fine!

  1. #1
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    New Jersey is Doing Fine!

    [B][SIZE="3"]N.J. revenue shortfall increases at least another $50M in May[/SIZE][/B]

    TRENTON —[B] Once again, the latest revenue numbers are pushing hard against Gov. Chris Christie’s claims of a "Jersey Comeback."[/B]
    Tax collections failed to meet expectations in May, continuing a months-long trend that is cranking up the pressure on New Jersey’s finances just as Christie and Democratic lawmakers are racing to strike a tax-cut deal by the end of this month.

    Revenues were $50 million to $100 million under target last month, according to a memo sent to lawmakers by David Rosen, the budget chief of the nonpartisan Office of Legislative Services.
    Meanwhile, the Christie administration said the shortfall was closer to $28.9 million in May and questioned Rosen’s credibility as a budget analyst.
    The OLS and the state Treasury have produced wildly divergent revenue estimates as state officials enter the home stretch of the budget season. OLS officials now project a budget gap of up to $1.4 billion through the end of fiscal year 2013, up from $1.3 billion last month. But Rosen cautioned that the new figures were preliminary and that a fuller report would be released around June 14.

    On the other side of the Statehouse, Treasury officials say the total budget gap will be only half as large. Factoring in their new numbers for May, they expect tax collections will fall behind by $704.9 million through the end of fiscal year 2013, up from $676 month forecast last month.
    "While Rosen has already assumed the worst for the next two months, the actual May figures still manage to keep us on track to meet expectations for fiscal year 2012 and fiscal year 2013," said Christie spokesman Kevin Roberts.
    Assemblyman Vincent Prieto (D-Hudson), chairman of the budget committee, said Christie is defying reality if he keeps pushing for a 10 percent income tax cut for all residents as revenue collections continue to fall short.

    "These revenue numbers are getting worse by the second," Prieto said. "This is not the time for national ambitions and tax cuts that benefit the rich."
    Democratic lawmakers have offered competing plans that would create new property tax credits, applied against residents’ income taxes. Senate President Stephen Sweeney (D-Gloucester) has a plan to cut property taxes by 10 percent; Assembly Democrats would cut them by 20 percent and pay for it with a higher tax on the state’s millionaires.

    Roberts said today that Assembly Democrats were "rooting for New Jersey’s failure so they can justify their obsession with raising taxes."
    "It’s not shocking that Assemblyman Prieto and his Democratic colleagues in the Assembly are still jumping for joy at OLS’ consistently off the mark projections," Roberts said. "Why would they let reality stand in the way of raising taxes when they have a partisan office backing them up along the way?"

    Christie last month attacked Rosen, calling him a Democratic pawn and branding him the "Dr. Kevorkian of the numbers." But an OLS analysis found that since 2000, they have done modestly better than the executive branch forecasting revenues.

    The governor has stood by his tax-cut plan — a top priority and a key component of his $32.1 billion budget proposal — despite a series of missed revenue targets this year, and despite reports from Moody’s and Standard & Poor’s in the last few months that found New Jersey on shaky fiscal ground.
    To plug the budget hole, the Christie administration announced last month that it would cut salary increases for non-union workers and borrow an extra $260 million for transportation projects — instead of using cash, as promised.
    Sweeney and Christie have been trying to strike a compromise based on the Senate plan before the budget deadline on June 30. Sweeney spokesman Derek Roseman said today that senators "will wait for Dr. Rosen’s formal report in two weeks, so that we can see everything in proper perspective."

    [url]http://www.nj.com/news/index.ssf/2012/06/nj_revenue_shortfall_increases.html#incart_mce[/url]

  2. #2
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    Perfect opportunity and reason for Christie to follow Governor Walker's lead.

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    [B]Inside the mind of the far-right;[/B]

    [U]Christie is doing a good job in New Jersey under the circumstances. Its far from perfect but give him time; he inherited a lot of issues from Corzine.[/U]

    [I]This is a reasonable statement; Corzine was a bad governor....[/I]

    [U]Obama is doing a good job as president under the circumstances. Its far from perfect but give him time; he inherited a lot of issues from Bush.[/U]

    [I]This is a ridiculous statement; stop blaming Bush for your issues.[/I]

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    Of course revenues are down. Population growth lags many other states. Unemployment is high. Quality corporations in the state are reducing head count and moving production elsewhere - see J&J (production elsewhere), Pfizer, Merck, Ford. AT&T is no longer a NJ company and has a much reduced presence.
    Along with the company declines comes the decline in quality people - leaving the usual parasites remaining.

    The tax burdens, both income and property, are outrageously high. Costs and fees are high. Insurance is out of control. Services stink. Government workers are rude and stupid. NJ is over 20% union workers - that's all you need to know.
    I lived there a long time. Nice corporations. Then. Still some now. I escaped and realized the advantages of living in a non liberal state.

    NY is not much different.

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    [QUOTE=intelligentjetsfan;4489567][B]Inside the mind of the far-right;[/B]

    [U]Christie is doing a good job in New Jersey under the circumstances. Its far from perfect but give him time; he inherited a lot of issues from Corzine.[/U]

    [I]This is a reasonable statement; Corzine was a bad governor....[/I]

    [U]Obama is doing a good job as president under the circumstances. Its far from perfect but give him time; he inherited a lot of issues from Bush.[/U]

    [I]This is a ridiculous statement; stop blaming Bush for your issues.[/I][/QUOTE]



    "If I can't get the unemployment rate under 8%, I don't deserve to be re-elected". Obama himself.

    BTW, it was NEVER 8% under GWB. And Obama is the king of amassing debt.

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    The Christie power grab. At every level and at each part of the government, we have nothing but power grabbing going on.

    The 'tax cut' brigade is nothing more than another interest group.

    I don't like high taxes either, but I move to a more favorable location myself

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    [QUOTE=Jetdawgg;4489726]The Christie power grab. At every level and at each part of the government, we have nothing but power grabbing going on.

    The 'tax cut' brigade is nothing more than another interest group.

    I don't like high taxes either, but I move to a more favorable location myself[/QUOTE]


    Well, I moved. More for the climate than taxes etc.
    My taxes for a better home and a better location are 10% percent of what I paid in NJ.
    My income taxes are lower. Insurance is much less.
    When I turn 65 my property taxes are reduced by another 25%.
    At 65, my wife and I can take $30,000 off of our taxable income.
    Fees are lower. Services are way better.
    People and businesses are moving here in droves (business friendly).
    And only 2.3% of workers are union.

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    Christie doesnt want to treat state workers fairly but thinks its perfectly ok to use a state tax money on a helicopter ride to attend his son's little league game because he doesnt like traffic.

    Yeah, he's for the people!................:rolleyes:

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    [QUOTE=copernicus;4489863]Christie doesnt want to treat state workers fairly but thinks its perfectly ok to use a state tax money on a helicopter ride to attend his son's little league game because he doesnt like traffic.

    Yeah, he's for the people!................:rolleyes:[/QUOTE]




    How about Johnny Corzine making sweetheart deals with the union chief who was his personal SLUT?
    Or Jim McGreevey giving hummers on the beach. And hirirg a foreigner at a big salary to be his security chief. A little sex on that deal too.

    The chopper and pilots are there anyway. Plus Christie PAID for the gas.

    Too bad he can't decimate the unions. Teachers in NJ are especially overpaid and worthless - especially in the cities . They do such a fine job. Great graduation rates

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    [QUOTE=intelligentjetsfan;4489567][B]Inside the mind of the far-right;[/B]

    [U]Christie is doing a good job in New Jersey under the circumstances. Its far from perfect but give him time; he inherited a lot of issues from Corzine.[/U]

    [I]This is a reasonable statement; Corzine was a bad governor....[/I]

    [U]Obama is doing a good job as president under the circumstances. Its far from perfect but give him time; he inherited a lot of issues from Bush.[/U]

    [I]This is a ridiculous statement; stop blaming Bush for your issues.[/I][/QUOTE]
    You miss something crucial.

    Under the circumstances, Christie has made progress doing a 180 degree turn from what's been done in NJ for decades. That's change.

    Obama? No change, he just saw Bush's ante and and raised it huge.

  11. #11
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    [QUOTE=copernicus;4489863]Christie doesnt want to treat state workers fairly but thinks its perfectly ok to use a state tax money on a helicopter ride to attend his son's little league game because he doesnt like traffic.

    Yeah, he's for the people!................:rolleyes:[/QUOTE]

    How exactly did he treat state workers unfairly?

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    [QUOTE=intelligentjetsfan;4489518][B][SIZE="3"]N.J. revenue shortfall increases at least another $50M in May[/SIZE][/B]

    TRENTON —[B] Once again, the latest revenue numbers are pushing hard against Gov. Chris Christie’s claims of a "Jersey Comeback."[/B]
    Tax collections failed to meet expectations in May, continuing a months-long trend that is cranking up the pressure on New Jersey’s finances just as Christie and Democratic lawmakers are racing to strike a tax-cut deal by the end of this month.

    Revenues were $50 million to $100 million under target last month, according to a memo sent to lawmakers by David Rosen, the budget chief of the nonpartisan Office of Legislative Services.
    Meanwhile, the Christie administration said the shortfall was closer to $28.9 million in May and questioned Rosen’s credibility as a budget analyst.
    The OLS and the state Treasury have produced wildly divergent revenue estimates as state officials enter the home stretch of the budget season. OLS officials now project a budget gap of up to $1.4 billion through the end of fiscal year 2013, up from $1.3 billion last month. But Rosen cautioned that the new figures were preliminary and that a fuller report would be released around June 14.

    On the other side of the Statehouse, Treasury officials say the total budget gap will be only half as large. Factoring in their new numbers for May, they expect tax collections will fall behind by $704.9 million through the end of fiscal year 2013, up from $676 month forecast last month.
    "While Rosen has already assumed the worst for the next two months, the actual May figures still manage to keep us on track to meet expectations for fiscal year 2012 and fiscal year 2013," said Christie spokesman Kevin Roberts.
    Assemblyman Vincent Prieto (D-Hudson), chairman of the budget committee, said Christie is defying reality if he keeps pushing for a 10 percent income tax cut for all residents as revenue collections continue to fall short.

    "These revenue numbers are getting worse by the second," Prieto said. "This is not the time for national ambitions and tax cuts that benefit the rich."
    Democratic lawmakers have offered competing plans that would create new property tax credits, applied against residents’ income taxes. Senate President Stephen Sweeney (D-Gloucester) has a plan to cut property taxes by 10 percent; Assembly Democrats would cut them by 20 percent and pay for it with a higher tax on the state’s millionaires.

    Roberts said today that Assembly Democrats were "rooting for New Jersey’s failure so they can justify their obsession with raising taxes."
    "It’s not shocking that Assemblyman Prieto and his Democratic colleagues in the Assembly are still jumping for joy at OLS’ consistently off the mark projections," Roberts said. "Why would they let reality stand in the way of raising taxes when they have a partisan office backing them up along the way?"

    Christie last month attacked Rosen, calling him a Democratic pawn and branding him the "Dr. Kevorkian of the numbers." But an OLS analysis found that since 2000, they have done modestly better than the executive branch forecasting revenues.

    The governor has stood by his tax-cut plan — a top priority and a key component of his $32.1 billion budget proposal — despite a series of missed revenue targets this year, and despite reports from Moody’s and Standard & Poor’s in the last few months that found New Jersey on shaky fiscal ground.
    To plug the budget hole, the Christie administration announced last month that it would cut salary increases for non-union workers and borrow an extra $260 million for transportation projects — instead of using cash, as promised.
    Sweeney and Christie have been trying to strike a compromise based on the Senate plan before the budget deadline on June 30. Sweeney spokesman Derek Roseman said today that senators "will wait for Dr. Rosen’s formal report in two weeks, so that we can see everything in proper perspective."

    [url]http://www.nj.com/news/index.ssf/2012/06/nj_revenue_shortfall_increases.html#incart_mce[/url][/QUOTE]
    What's your point..... Revenue shortfalls? e would need even less revenue if the ranks of NJ costs weren't so bloated with salaries and pensions no where else available except government.

    have you EVER, just ONCE, recognized that the consumer of government is a prisoner? YOU can choose where to eat, shop etc....if they raise the price. taxpayers can't yet there is enough revenue to provide the indentured employee something the taxpayer doesn't have?

    Sounds like France under the now dead KING.

  13. #13
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    Some posters here are transparently transparent. :yes:

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    [QUOTE=palmetto defender;4489884]How about Johnny Corzine making sweetheart deals with the union chief who was his personal SLUT?
    Or Jim McGreevey giving hummers on the beach. And hirirg a foreigner at a big salary to be his security chief. A little sex on that deal too.

    The chopper and pilots are there anyway. Plus Christie PAID for the gas.

    Too bad he can't decimate the unions. Teachers in NJ are especially overpaid and worthless - especially in the cities . They do such a fine job. Great graduation rates[/QUOTE]

    Let's play by the same rules.
    Christie begging for Springsteen to play in the new state backed AC casino, how much more state money will be dumped into that ridiculous meadowlands mall?? Christie in Wisconsin helps NJ residents?

    Christie is a fraud, he is no different than Obama, well except he will yell at a NJ resident like they were his child.

    If he is healthy enough to run for President in 4 years, he would be lucky.

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    [QUOTE=palmetto defender;4489733]Well, I moved. More for the climate than taxes etc.
    My taxes for a better home and a better location are 10% percent of what I paid in NJ.
    My income taxes are lower. Insurance is much less.
    When I turn 65 my property taxes are reduced by another 25%.
    At 65, my wife and I can take $30,000 off of our taxable income.
    Fees are lower. Services are way better.
    People and businesses are moving here in droves (business friendly).
    And only 2.3% of workers are union.[/QUOTE]

    I was looking at another home in PA. The taxes were going to cost more than the monthly on the house. Incredible. Taxes in the NEUSA are out of control.

    The only issue I really had with SC was the education. Very poor

  16. #16
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    [QUOTE=Jetdawgg;4490158]I was looking at another home in PA. The taxes were going to cost more than the monthly on the house. Incredible. Taxes in the NEUSA are out of control.

    The only issue I really had with SC was the education. Very poor[/QUOTE]

    misleading..... Go to Clemson, USC, College of Charleston and almost ALL of those kids went to public schools in SC. Averages get dragged down by country redneck schools no doubt.

    I laugh at NY perception. I lived in west Islip for many years...great schools they say. BULL.

    Only 60 percent go on to college..many of those a 2 year school.

    If you are a good parent....SC schools in many areas are equal to NY schools.


    Greenville SC, Charleston and many other parts of SC are terrific places to live and raise a family.

  17. #17
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    [QUOTE=copernicus;4489863]Christie doesnt want to treat state workers fairly but thinks its perfectly ok to use a state tax money on a helicopter ride to attend his son's little league game because he doesnt like traffic.

    Yeah, he's for the people!................:rolleyes:[/QUOTE]

    There are plenty of legitimate criticisms for the Governor.


    This isn't one of them.

  18. #18
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    [QUOTE=Bonhomme Richard;4490242]There are plenty of legitimate criticisms for the Governor.


    This isn't one of them.[/QUOTE]

    I feel bad for the person who has to ride with him in the helicopter, Christie gotta take up all the room!!! :D

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    [QUOTE=southparkcpa;4490172]misleading..... Go to Clemson, USC, College of Charleston and almost ALL of those kids went to public schools in SC. Averages get dragged down by country redneck schools no doubt.

    I laugh at NY perception. I lived in west Islip for many years...great schools they say. BULL.

    Only 60 percent go on to college..many of those a 2 year school.

    If you are a good parent....SC schools in many areas are equal to NY schools.


    Greenville SC, Charleston and many other parts of SC are terrific places to live and raise a family.[/QUOTE]

    Greenville is beautiful as is Charleston. They do have some good schools and you are correct to state that the state average is dragged down by the rural schools.

    The issue is that there are a great deal of rural schools. Makes it hard to hire from the state. BMW has a good plant in Spartanburg and Greenville has Michelin.

    I love SC though. The upstate and downstate rivalry is healthy

  20. #20
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    [QUOTE=cr726;4490015]Let's play by the same rules.
    Christie begging for Springsteen to play in the new state backed AC casino, how much more state money will be dumped into that ridiculous meadowlands mall?? Christie in Wisconsin helps NJ residents?

    Christie is a fraud, he is no different than Obama, well except he will yell at a NJ resident like they were his child.

    If he is healthy enough to run for President in 4 years, he would be lucky.[/QUOTE]


    Christie showed he had an open mind asking the flaming lib to play because he is a favorite son.
    The Meadowlands Mall was a project begun by THE GAY AMERICAN if I am not mistaken.
    Christie in Wisconsin (just like Nikki Haley in Wisconsin) was meant to put the thug unions in their place. An admirable goa and one already achieved in SC.
    Christie at least did someting in his career - he put criminals in jail.
    I do not think he is presidential material. Neither is Obama apparently.

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