Stuff in the ‘Taxes Economy and Outmigration’ Category
New Healthcare Law Saves Millions for School Employees but Taxpayers Are Paying More
Posted On05/31/2022 byMary Ann Koruth of NorthJersey.com brings some needed focus on the reality of the much-heralded 2021 “Chapter 78 relief” law negotiated by then-Senate President Steve Sweeney and the NJEA. In “New state teacher health plan didn’t deliver promised savings, say school districts,” Koruth reports that out of the 158 school districts surveyed, 85% said that…Read More
Once Again, New Jersey Ranks Among the States with the Very Highest Property Taxes
Posted On05/10/2022 byThe Tax Foundation shared its property tax rankings today, and Sunlight thought it made sense to reconfirm what kind of property-tax burden New Jersey taxpayers are bearing. For 2022, New Jersey was 44th among the 50 states, and has been 44th or worse since 2019 (see chart below). The Tax Foundation evaluates state and local taxes…Read More
More Unpleasant Facts for the Star-Ledger’s Tom Moran: NJ’s Population Actually Declined in 2021
Posted On04/29/2022 byA couple of weeks ago, Sunlight pushed back on the Star-Ledger’s Tom Moran’s claim that New Jersey’s outmigration problem was a “fantasy. We pointed out that, yes, New Jersey’s population might have grown slightly, but the key metric was New Jersey’s massive net outmigration to other states not simply overall population growth. New Jersey’s population…Read More
ALEC’s “Rich States, Poor States”: NJ’s Economic Outlook Is 49th Out of 50 States While Our Governor Eyes the White House
Posted On04/26/2022 bySunlight recently published a research report entitled “Before You Go, Governor Murphy … There is Some Unfinished Business in the Garden State” where we remind our governor that before he leaves for the presidential campaign trail, there are four major problems he has not addressed: 1) student learning loss from pandemic school closures; 2) an…Read More
With All Due Respect, Tom Moran, the Exodus of People and Wealth from NJ Is Not a “Fantasy”
Posted On04/07/2022 byThe Star-Ledger’s Tom Moran recently wrote an op-ed entitled “Are Folks Leaving Jersey? Nah!” Moran dismisses the idea that New Jersey has an outmigration problem as “fantasy.” But it’s not fantasy, it’s real, and it’s a shame that the editor of New Jersey’s leading newspaper overlooks it. Moran cites data but not the right data….Read More
NJ Has the Third-Highest Tax Burden in the Nation at $8,134 Per Person: 41% Higher than the US Average
Posted On03/29/2022 byThe Tax Foundation came out with its annual “Facts and Figures” report, and it has a very helpful on-line tool to look at New Jersey’s tax rates and burdens from just about any angle. We found the interactive chart presented below illuminating. Note that New Jersey ranks 44th when it comes to the state-and-local tax…Read More
Another Migration Study and Another Last-Place Finish for NJ: In 2021, 54% More People Left than Came In
Posted On03/17/2022 byAnother migration study, another last-place finish for New Jersey. This time it’s a 2022 study by Hire A Helper that used data from moves, company surveys and the US Census Bureau. For 2021, New Jersey came in dead-last – 50th out of 50 states – with a whopping 54% more people leaving the state than coming…Read More
WalletHub’s 2022 Study: NJ Is THE WORST State for Retirement. Will Gov. Murphy Do Anything About It?
Posted On01/28/2022 byWalletHub came out with its “2022’s Best States to Retire” study, and New Jersey ranked dead last. This has real-world negative consequences for NJ: NJ also came in dead last in United Van Lines’ 2022 study of moving patterns, with retirees comprising almost one-third of out-movers and almost half of out-movers having incomes over $150,000. The…Read More
Words Are Nice, But Gov. Murphy’s Highest-in-the-Nation Corporate Taxes Hurt NJ Start-Up Businesses
Posted On01/19/2022 byIn his inaugural address, Gov. Murphy emphasized reducing NJ’s sky-high property taxes. This is an improvement over his previous posture of “if taxes are your issue then NJ may not be your state,” but words are cheap and if Murphy simply raises other taxes to lower property taxes, then NJ’s very-high-tax status quo will remain…Read More
Gov. Murphy’s State of the State Happy Talk Ignores the Woeful Underperformance of NJ’s Economy on His Watch
Posted On01/14/2022 byWith his happy-talk in his State of the State speech, Gov. Murphy ignored the woeful reality of NJ’s economy under his watch. While it’s typical for a politician to sugar-coat things to make his record look better, Murphy needs to called out for what is in reality severe underperformance compared to the rest of the…Read More