Murphy has another chance to fix our broken state with his budget address - Jack's Op-Ed in The Star Ledger
In 2018, I wrote in my Star-Ledger Op-Ed: “Mark my words, if Governor Murphy does not change course, by the end of his four-year term, . . . New Jersey will still be plagued by property tax, school funding and pension crises and ranked dead last in business climate.”
I’m no fortune teller. I wanted then, as I want now, to be wrong. But here we are. Two-plus years into Gov. Phil Murphy’s administration, just as he introduces his third budget, and still plagued by property tax, school funding and pension crises and ranked dead last in business climate.
If the governor’s recent State of the State is any indication, nothing will change. He refuses to do the “heavy lifting.” Why? Maybe it’s because he doesn’t get it. Maybe it’s because he doesn’t want to address hard realities or “gore anyone’s ox,” least of all the special interests to whom he is beholden. Maybe it’s because he thinks he can continue letting a 50-year low in the nation’s unemployment rate – one that he has nothing to do with – mask New Jersey’s brokenness.
Make no mistake, New Jersey is broken. Companies and jobs are leaving because of our business climate. Year over year, our state economy lags the national economy. We’re dead last or next to last in job growth, wage growth and fiscal health. Our soaring state debt has been repeatedly downgraded and is getting perilously close to junk bond status. Our unfunded public employee pension liabilities are the worst in the nation on a per capita basis. And as we’re all painfully aware, our property taxes are the highest in the nation, as are our income, sales and gas taxes. New Jersey & You, TAXES FOREVER?!
Read more HERE.