Stuff in the ‘Taxes Economy and Outmigration’ Category
Memo to NJEA President Spiller: NJ Is Not #1 When it Comes to Student Success, Especially for Disadvantaged Kids
Posted On01/14/2025 byNJEA President Sean Spiller has often claimed that New Jersey’s public schools are the best in the nation, and now as a candidate for governor, he’s touting this claim as part of his qualifications for the office. In a recent interview with InsiderNJ, Spiller once again stated: “We have the number one schools in the…Read More
Florida Public Schools Get Better Results — Especially for Disadvantaged Kids — for Less than Half the Price
Posted On01/07/2025 byA wake-up call for New Jersey: New Jersey public schools are not nearly as good as the NJEA and Gov. Murphy claim. Florida 4th graders have better academic achievement in both math and reading than New Jersey — especially for disadvantaged children — while spending less than half the money. The NJEA frequently claims that…Read More
Voting With Their Feet: A Million People and $91 Billion of Income Have Fled NJ For Other States
Posted On01/03/2025 byWe’ll start the new year with a look back at just how serious New Jersey’s outmigration problem has been, which portends a bleak future for our state. Thanks to Edward Pinto’s research* in Newsweek, we learned that over the span of three decades (1990-2021) New Jersey has experienced the 4th-worst domestic outmigration of people and…Read More
As Predicted, NJ’s Fiscal Cliff Arrives. Will Gov. Murphy Do the Bidding of His Government Union Pals and Raise Taxes Again?
Posted On12/06/2024 byAs many, including Sunlight, have long warned, New Jersey is approaching a fiscal cliff. Gov. Murphy is now ordering departments freeze salaries and hiring and reduce budgets by 5%. Murphy claims that he has been a good fiscal steward, but remember that he has increased state spending by over 60% and the current state budget…Read More
Tax Foundation: NJ 49th Among States for Tax Competitiveness: Bottom Two for Nine Years in a Row and Every Year Under Gov. Murphy
Posted On10/31/2024 byThe Tax Foundation came out with its 2025 State Tax Competitiveness Index and once again New Jersey has one of the least competitive tax structures in the nation, coming in 49th out of 50, with only New York as less competitive. By comparison, neighboring states Pennsylvania and Delaware came in 34th and 18th, respectively. The…Read More
NJ Ranked 49th Out of 50 States for Financial Condition: A “F” for Every Year Under Gov. Murphy
Posted On10/22/2024 byAnother dismal ranking for New Jersey’s financial condition under Gov. Murphy. New Jersey’s long-term financial condition ranked 49th out of the 50 states, according to Truth In Accounting’s “Financial State of the States 2024.” That’s an improvement from 50th last year, but New Jersey has still been dead last in the nation for 8 of…Read More
CNBC Rankings Confirm NJ Is a Lousy Place To Do Business under Gov. Murphy — And It’s Getting Worse
Posted On07/18/2024 byAccording to CNBC, New Jersey continues to be a lousy place to do business under Gov. Murphy. And it is getting worse. CNBC came out with its annual Top States for Doing Business and New Jersey ranked 25th, which is down from 19th in 2023. The categories where New Jersey needs improvement: Business Friendliness: 49th….Read More
A Record Amount of Taxable Income Fled NJ in 2022: Who Will Pay for Gov. Murphy’s Unsustainable Spending?
Posted On07/12/2024 byThe Wall Street Journal reported on the continuing exodus of people and money from big-government, high-tax states — including New Jersey — to smaller-government, lower-tax states. Here is the IRS data for gains and losses in net Adjusted Gross Income (AGI) for 2022: Top Losers: California -$23.8 billlion New York -$14.2 billion Illinois -$9.8 billion…Read More
FY2025 Budget: Our Status Quo Governor Takes Care of His Government Union Pals While Leaving His State with an Unsustainable Budget
Posted On07/08/2024 byGov. Murphy is a status quo governor. He was elected with the support of New Jersey’s powerful, taxpayer-funded government unions, especially its largest, the NJEA, which spent over $20 million supporting Murphy. Murphy has repaid the favor by largely governing for their benefit. The FY2025 budget is no exception. Another record-high budget at $56.6 billion…Read More
High Taxes and Cost of Living Erase NJ Teachers’ Wage Premium Over Other States
Posted On05/10/2024 byThe National Education Association (NEA) — the national parent organization of the NJEA — claims that teachers in states with collective bargaining like New Jersey have substantially higher salaries than states that do not permit collective bargaining. But the NEA’s ranking doesn’t reflect the real world of taxes and cost of living, which is the…Read More