New Jersey's Five Year Plan
Five years ago, the executive branch of New Jersey state government employed 67,213 employees. Today that number has grown to 80,800, a 20 percent increase. Total state government employment is 152,100. New Jersey’s population has increased by about 2 percent during the past five years.
New Jersey’s state budget has increased from $22.9 billion in 2002 to $30.9 billion this year. State spending and the taxes to pay for it has increased by 35 percent. In the past five years, the average property tax bill has also increased by 35 percent.
Five years ago, state debt was $15.2 billion. Today, New Jersey’s debt has more than doubled to $33 billion and an additional $11 billion in debt has already been authorized.
New Jerseyans also face a minimum of $38 billion in debt for public employee benefits, an $18 billion unfunded pension liability and at least a $20 billion unfunded health care liability.
Democrats took control of state government five years ago.
New Jersey’s state budget has increased from $22.9 billion in 2002 to $30.9 billion this year. State spending and the taxes to pay for it has increased by 35 percent. In the past five years, the average property tax bill has also increased by 35 percent.
Five years ago, state debt was $15.2 billion. Today, New Jersey’s debt has more than doubled to $33 billion and an additional $11 billion in debt has already been authorized.
New Jerseyans also face a minimum of $38 billion in debt for public employee benefits, an $18 billion unfunded pension liability and at least a $20 billion unfunded health care liability.
Democrats took control of state government five years ago.
Posted by Enlighten-NewJersey @ 11:51 AM
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5 Comments:
Since I plan to move out of state in the next 5-7 years, I think the state should sell every asset it owns in order to reduce property and income taxes.
Not that the Republicans did such a great job while they were in power.
Enlighten:
Thanks. Again you do a great job boiling it down to the salient facts. Unfortunately, it’s not quite succinct enough to fit on a bumper sticker and so most NJ voters still won’t get it. Keep trying. By the way, I thought I had read recently that the number of pubic service jobs created during this period was about the same or higher than private sector jobs. I may be way off on this and so I was hoping that more informed readers could set me straight.
The fact that you chose to use a five year time line during the Democrats rule, will naturally elicit a response about the Republicans’ performance. I am a NJ resident first, and frankly I really don’t care who is to blame. These numbers speak for themselves. There is a huge problem that is only getting worse and the solutions that are being offered seem to be more of the same.
People all over the U.S believe that New Jersey is just to spend a day at the shore. I believe that New Jersey is the best state, not because my family lives there, but for all the people that do the right things there. Who agrees with me?
Thank you for the info. It sounds pretty user friendly. I guess I’ll pick one up for fun. thank u
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