Streams

New Jersey Budget

Wednesday, February 22, 2012

WNYC senior reporter Bob Hennelly discusses Gov. Christie's budget proposal as well as how Federal budget cuts may affect local services.

Guests:

Bob Hennelly

Comments [9]

Dimzzlewit,

The problem is NJ picks-up the cheeseburger lunch tab. BO is required to pay for his own cigarette habit.

With the exception of his skin color (eh, Dimzzlewit), at least BO is not an eyesore to his constituency.

Feb. 22 2012 12:40 PM
Martin Chuzzlewit from Manhattan

@dboy

How much would tax payers save if litle jug-eared Barry Hussein Obama cut out the cigarettes?

Feb. 22 2012 10:37 AM
dboy from Nyc

How much would taxpayers save if he cut out the double cheeseburgers??

Feb. 22 2012 10:29 AM
John from Fanwood

We have short memories. The National Archives has "What is Past is Prologue" carved into its wall. Governor Whitman cut income tax and it devistated the State workforce. Such a small reduction will have little effect on us, but could have a big effect on the State and local work force.

Feb. 22 2012 10:29 AM
Hugh

The caller who mentions plans to buy a new car nails a crucial issue nationwide, but especially acute in the Northeast where winters are bad. The US infrastructure is in terrible shape — one of the _worst_ in the G20.

Take the declining infrastructure with constant attacks on public education, and the US is destroying _THE_ two most important elements in long term growth. Even _conservative_ economists concede this.

Feb. 22 2012 10:24 AM
Jack Jackson from Central New Jersey

What's up with the Comments page today? There is a 'Now you see it, now you don't' thing going on...

If the state tax rates were fair (at least jointly arrived at) and Christie takes a flat percentage cut off of them, they are now unfair and Christie's cut just replaces the public determination of what is fair with his own. Let's not forget how the recent toll increase fell on commuters.
I would rather see a decrease in the sales tax rate back to 6%.

Feb. 22 2012 10:23 AM
Andre from Lawrenceville, NJ

Christie budget & tax cut
1. Did I miss the retirement of the NJ state debt? Why is it no longer a problem? You can’t say it’s a problem yesterday and a problem today. The state’s budget is imbalanced structurally. A tax cut exacerbates the problem. (How soon we forget the Whitman tax cuts which put the state deeper in the debt hole.)
2. We can adjust state spending after the Andrew Sidamon-Eristoff projected surge in tax receipts arrive. Reducing income tax revenue before realizing other revenues is unwise. (I am being diplomatic.)
3. New Jersey’s bond rating is among the lowest in the nation. Part of the reason for this is because the state’s pension obligation is not fully funded. The state can lower the cost of government by lowering its borrowing costs. This would be a great savings. Fully fund pensions before eliminating tax revenue.
4. The budget must reflect the NJ Supreme Court ordered fund quality education for all. Believe it or not this also means holding education professionals accountable to produce real results. It’s about the results
5. Compare NJ to Connecticut, Maryland and Massachusetts. Compare budgets, quality of life (education, health, transportation) services. Where does one get the biggest bang for the dollar?

Feb. 22 2012 10:23 AM
Hugh

If you look at home price trends _before_ the bubble (which most news organizations pretend never happened), home prices are _still_ above what they would be _if_ pre-bubble trends were projected through today.

As for Christie's budget, Christie is doing exactly what Republicans have been doing since Reagan -- cut with the intent of forcing the termination of social programs. Christie is _planning_ on shortfalls in tax revenues so that he can cut the social spending on his hit list — education, welfare, social safety net.

If New Jersey could have its own military, we'd hear Christie calling for increases in spending. As it is, we hear the standard special exemption being advocated for police.

Feb. 22 2012 10:20 AM
SCORN from NJ

I think Gov Christie is focusing on the wrong issue, which is the exorbitant property taxes New Jerseyans pay. I don't feel the State Income tax is nearly the burden as the property taxes I pay. Municipalities are forced to raise taxes to make up for the lack of state funding. Christie has failed in my opinion to lower taxes. What is he going to save the average NJ taxpayer in state income tax, 40 or fifty dollars? NJ needs to merge towns and school districts to reduce costs.

Feb. 22 2012 10:17 AM

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