Author Archive
Three Studies Confirm the Consequences of NJ’s Uncompetitive Business Climate: People, Businesses and Wealth Are Leaving
Posted On01/10/2022 byLast week, we noted that the Tax Foundation ranked New Jersey’s tax climate for businesses as dead last – for the seventh straight year! We mentioned a natural consequence of this was the outmigration of people, businesses and wealth to states with more attractive business climates. As it happens, we now have three data points…Read More
NJ Has the Worst Business Tax Climate for the 7th Straight Year; Does Gov. Murphy Even Care?
Posted On01/04/2022 byIt’s a new year, but sadly for New Jersey some things never change. The Tax Foundation came out with its “2022 State Business Tax Climate Index,” which ranks the 50 states by how friendly their tax systems are to businesses. FOR THE 7TH YEAR IN A ROW, NEW JERSEY CAME IN DEAD LAST. Notably, New…Read More
New Study: People and Wealth Continue to Flee High-Tax States Like NJ. Does Gov. Murphy Even Care?
Posted On12/09/2021 byThat’s what the IRS data shows: people and wealth continue to flee NJ. According to a study by the National Taxpayers Union Foundation, in 2019, 16,947 taxpayers left NJ, taking $3.1 billion in Adjusted Gross Income (AGI) with them, both of which are 4th-worst in the nation. Only high-tax, Blue NY, CA and IL had…Read More
Another Study Rates Teachers’ Pension Fund As One of the Worst in the Nation; 2021’s Stellar Returns Won’t Change That
Posted On12/07/2021 byA third reputable institution has found the New Jersey teachers’ pension fund to be one of the very worst in the nation. First it was the Center for Retirement Research, then the Brookings Institution, and now Bellwether Education Partners‘ has published its own ranking of state teachers’ pension funds. NJEdReport has already done its (usual)…Read More
More Bad News: NJ Still Has -4.8% Fewer Payroll Jobs than Pre-Pandemic. Does Gov. Murphy Even Care?
Posted On12/03/2021 byAn editorial in today’s Wall Street Journal confirms the Pew Charitable Trust data that Sunlight highlighted on Monday. The Pew data showed New Jersey’s dismal performance in rebuilding New Jersey’s prime-age employment (ages 28-54), with the number of employed declining -6% from pre-pandemic levels, 4th-worst in the nation. While the entire Journal editorial is worth reading,…Read More
Pew Data: NJ’s Fiscal and Economic Woes Portend a Bleak Future. Does Gov. Murphy Even Care?
Posted On11/29/2021 bySadly for New Jersey, some things never change. Pew Charitable Trusts came out with its most recent study on the long-term fiscal condition of the 50 states, and New Jersey comes in DEAD LAST. Again. According to Pew, over the last 15 years (2005-19), New Jersey had the WORST structural budget deficit of any state,with…Read More
The NJEA Irresponsibly Undermines Respect for the Law and Sends a Harmful Message to Students
Posted On11/22/2021 byMore evidence that the NJEA is a thoroughly politicized – and radical – organization that is more interested in stoking political fires than educating students. The NJEA leadership came out with a truly radical statement on the not-guilty verdict in the Rittenhouse trial. The statement – signed by the NJEA president, vice president and secretary-treasurer…Read More
Truth in Accounting: NJ’s Debt Burden Now $58,300 Per Taxpayer
Posted On11/19/2021 byTruth in Accounting published its annual “Financial State of the States 2021,” and the good news is that New Jersey broke its streak of six consecutive years as the most indebted state. The very bad news is that despite the gusher of federal COVID-relief money New Jersey ranked 49th, with an average debt burden of…Read More
The Evidence Is Mounting: Teachers’ Unions Drove School Closures, Which Harmed Kids
Posted On11/15/2021 byMultiple research reports show that teachers’ unions, including the NJEA, put the interests of their members over the interests of the kids by pushing to keep schools closed during the pandemic It is widely recognized that school closures harmed kids, both in terms of substantial learning loss – especially in minority communities – and in…Read More
Congratulations to Montclair Parents on Your Elected School Board Victory!
Posted On11/08/2021 byIn a repudiation of NJEA President/Montclair Mayor Sean Spiller’s massive conflict of interest, Montclair voters overwhelmingly chose to change from a mayor-appointed school board to an elected school board. It was a rout: 70% to 30%. Journalist and Montclair parent, Andrew Rice, wrote an excellent piece on Montclair as well as the general anti-Democrat…Read More