New Jersey Scraping By On $60 Billion
Acting Governor Codey has submitted his austere budget of $27.4 billion for next year and the majority of New Jersey citizens yawn. New Jersey will just have to get by on a shoestring until Jon Corzine is elected Governor.
But to keep things in perspective, Codey's proposed state budget will be about 80% more next year than it was in 1998. We’ll bet you earn 80% more than you did in 1998. No, huh? Well if not, you’re just not working hard enough.
What’s that? Yes, New Jersey did spend $18.4 billion in property taxes last year and will spend even more this year. But we are not prepared right now to listen to you whine about how your property taxes that have doubled or tripled over the last few years. We’re strictly talking state budget.
There's no point in getting into the $13.4 billion in federal funds that will be received and spent by the state next year. Yes, that’s right – the $27.4 billion state budget is less than half of the total New Jersey will spend in taxes next year. But please don't confuse the subject at hand, we're talking state budget.
Well, if you insist - add it all up and government in New Jersey will spend more than $60 billion dollars for FY 2006. Feeling better now? We thought so.
But to keep things in perspective, Codey's proposed state budget will be about 80% more next year than it was in 1998. We’ll bet you earn 80% more than you did in 1998. No, huh? Well if not, you’re just not working hard enough.
What’s that? Yes, New Jersey did spend $18.4 billion in property taxes last year and will spend even more this year. But we are not prepared right now to listen to you whine about how your property taxes that have doubled or tripled over the last few years. We’re strictly talking state budget.
There's no point in getting into the $13.4 billion in federal funds that will be received and spent by the state next year. Yes, that’s right – the $27.4 billion state budget is less than half of the total New Jersey will spend in taxes next year. But please don't confuse the subject at hand, we're talking state budget.
Well, if you insist - add it all up and government in New Jersey will spend more than $60 billion dollars for FY 2006. Feeling better now? We thought so.
Posted by Enlighten-NewJersey @ 6:43 PM
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1 Comments:
That $60 billion in spending costs us $70.1 billion. You might wonder why, and, as usual, Enlighten has the answer. New Jersey gets back 57 cents for every dollar paid into the federal coffers, so the $13.4 billion in Federal Spending actuall costs us $23.5 billion.
Thanks for reminding us that we live in a tax-and-spend hell.
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