I have to wonder how long it will be before the national and state housing slump result in massive tax appeals, causing local budgets to spring leakes. And what about the state budget, which is dependent on the economy and already is a mess? Not a pretty picture.
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There are those — myself included — who see the defeat of the first two ballot questions as a slap against using budget gimmicks and pushing the state farther into debt. We editorialized against the first three questions for a simple reason: The state is without a plan to address its debt problem or its structural deficit and shouldn’t borrow more money until it crafts one.
I stand by that idea. I hope our elected leaders will listen, address the issue and then come back with the stem cell plan when money is not so tight.
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I am a supporter of stem-cell researh. And I support open space. But I can’t support either of the state’s ballot questions because the primary issue in New Jersey this year is the state’s fiscal health. Without a plan for getting debt under control, it seems foolish to me to give the state the opportunity to borrow more. The open space vote is more of a close call — the fund is running out of cash — but I think we can wait a year.
Here is our editorial on the questions.
South Brunswick Post, The Cranbury Press
The Blog of South Brunswick
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Dispatches is up and ready for a read — on the further detioration of the state’s fiscal state.
South Brunswick Post, The Cranbury Press
The Blog of South Brunswick
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I posted an open thread question at Blue Jersey yesterday asking for a progressive solution to the state’s fiscal mess. Go here to participate.
South Brunswick Post, The Cranbury Press
The Blog of South Brunswick
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Hank Kalet 