More fiscal clouds looming in N.J. - Garden State Initiative


Public Spending, ECONOMIC OPPORTUNITY FOR ALL More fiscal clouds looming in N.J.

July 22, 2019


Gov. Phil Murphy has made much of the fact that New Jersey’s average property tax increase in 2019 was the lowest in years. Problem is, simply reducing the rate of increase hasn’t been nearly enough to satisfy most overwrought taxpayers.

Worse, Murphy not only has failed to provide significant tax relief, he has done nothing to address the state’s structural financial problems, made worse by his refusal to do what is necessary to rein in public employee pension and health benefits costs. We are one recession away from a fiscal disaster.

It should have come as no surprise when New Jersey elected Murphy as governor that he would follow through on his progressive, pro-union, anti-taxpayer positions. He slammed his foot on the accelerator on day one and hasn’t let up since.

Read the full editorial here.