Significant news today with an impact on New Jersey property taxes:
- Bret Schundler will not be running against Jon Corzine in the November election. Doug Forrester would be well advised to pick up some of Bret’s message.
- The Senate will let the constitutional convention bill die. This virtually ensures more years of inaction on real property tax reform.
The problem we have in New Jersey is not really a taxation problem. On the whole, New Jersey workers and homeowners have the means to pay the crushing burden. The true problem is a spending problem. The 2005 state spending plan was 17% higher than the 2004 plan. This is insane! We need to put a draconian cap on state spending.
The legislature has seen fit to place such a cap on school districts, and should apply the same reasoning to itself as well.
[Posted by Ken from SmadaNek]