The Record writes that the budget crafted after a long, unnecessary standoff is only the first in what promises to be a series of difficult battles facing Trenton. the statea already faces a structural deficit next year (the Record puts it at $2 bill, though I’ve read higher) and there is a screaming need to change the way we raise and spend money in the state.
The current property tax system is badly flawed and unfair; the sales tax, unless better targeted than our current tax, is regressive; and the income tax can be too dependent on the economy. A mix of all three will needed, with a heavier reliance on income taxes than we currently have, to address our problems.
And we need to change our spending habits. We need a serious discussion about municipal and school district consolidation and the elimination of extraneous levels of government — not just talk about shared services. The reality is that the more boards, commissions and panels we have that can ask for money and spend money, the more they’ll ask for and spend.
We need pension reform, changes in public employee contracts, an end to patronage and pay-to-play — I could go on.
Unless we make changes, every new budget will result in some sort of crisis.
Agreed we need a structural change. We pay Federal taxes, State taxes, County taxes, Municipal taxes, and slew of other entities tax us as well. It\’s not that we are overtaxed (we are!), it IS that no matter how much they steal, it is never enough! We have to have a Boston Tea Party. We have to just say no. No new taxes. No more tax. Never a tax increase. Every level of government has to cut 10% today. Pensions must be capped at half of what the governor\’s salary. Convert ALL pensions to 401ks. Stop thinking that we can tax and spend. Or borrow and spend. It\’s the spend that is killing the People\’s Republik of New Jersey!