Issues & Policy
N.J. reached another ignominious milestone this month. The average property tax bill in the state is now more than $9,000 – among the tops in the nation. That’s a lot of money for working class people to pay. And consider that most people living outside heavily subsidized cities are paying a lot more than $9,000 a year in property taxes.
With many working people paying $11,000 to $15,000 a year in property taxes; it’s obvious that property taxes have an impact on home affordability. Yet, no one in Trenton who says they care about home affordability is actually doing anything to lower taxes or to even acknowledge that property taxes are a barrier to owning a home.
We hear from lots of people in the legislature who say they are fighting for us. They say they are fighting to cut taxes and spending. Well, if that’s true, they are getting beaten up and we continue to pay outrageous taxes to fund local government.
We need to stop talking about lowering taxes and start doing something about it. I’m determined to get something done about property taxes.
New Jersey enjoys the indignity of having the worst business climate in the nation. Our state’s many taxes are too high and regulations too dense. The cost of living for workers is a tremendous burden to business investment. As a consequence, well-paying jobs are leaving the state on the backs of major companies. Most recently, NABISCO, a fixture in Fair Lawn for decades, decided to close up and go elsewhere – destroying 600 jobs.
In 2018 Honeywell INC. announced it is moving its global headquarters from Morris Plains to Charlotte, North Carolina. The planned relocation comes just three years after the company received a $40 million tax credit – Christie Says Keeping Honeywell In Jersey Was Personal – to keep its headquarters in New Jersey.
The jobs that pay well, that support families in New Jersey are being replaced by an endless series of low paying warehouse jobs and small start-ups with few employees.
Trenton politicians refuse to see that their tax and regulation policies are driving good jobs away. I will work to end the disincentives to invest in New Jersey by bringing business, labor and government leaders together to carve out policies that have clearly worked in other states.
There are interest groups in our State telling anyone that will listen that New Jersey’s schools are underfunded. Our schools are NOT underfunded. The state taxpayers spend nearly $28 Billion a year on public education. How is it spent? Few if any in government or in the school bureaucracy will tell you.