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Thursday, March 22, 2007

New Jersey – A Hell Of A State For Taxpayers

New Jersey residents continue fleeing the state in search of jobs, lower taxes and a more affordable cost of living. Only three New Jersey counties, Somerset, Gloucester and Cumberland, are keeping up with the nation's population growth rate, according to new Census data released today.

New Jersey's demographic quandary is simple: More residents are moving out of the state than are moving in.
James Hughes, dean of the Bloustein School of Public Policy and Planning at Rutgers University explains why:

“The reasons people are leaving are basically economic. When you look at New Jersey compared to the rest of the country, there are more economic opportunities in places like North Carolina, which has a rapidly growing economy and more affordable housing."
Without close to one million illegal immigrants, New Jersey’s population would actually have declined.

New Jersey's illegal immigrant population has grown so dramatically in size and impact in the last decade that the League of Municipalities has formed a task force to study the community and its effect on the state in general.

The task force has met once, but its plans are ambitious. It will look at crowding, health and safety issues and the cost to municipalities of providing education, law enforcement, health care and other services to "substantial numbers of individuals who do not pay taxes."
New Jersey’s “underground economy” may be flourishing, but the legal one is anemic. According to State of New Jersey statistics, a total of 55,600 private sector jobs have been added in New Jersey since 2002, while state and local government jobs increased by 38,800 during the same time period.

New Jersey’s growth industry is government and its population growth is from illegal immigration. What a hell of a state for taxpayers.

NJ Employment 2002-2006

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At 2:09 PM, Blogger KingDrudge said...

Now why should anyone be surprised that NJ is becoming a economic rut. Any sensible tax paying resident can see this. Yet what do the people of NJ do....elect the same schmucks who put us in this mess so you know what.....THIS STATE DESERVES THE SAME FATE AS MICHIGAN. From Corzine on down, this state panders to the unions and welfare kings and queens. Those of you have read my comments in the past know that I am a life long resident of this state. NJ wasnt always this bad, but my goodness how much worst will it get. We have a CROOK and a DINOSAUR as our senators. The FBI will always stay in business as long as it has a backlog of NJ state officials to investigate and prosecute. Last but not least, Mr. Goldman Sachs himself said he was friend of organized labor. So if that doesnt tell you were this state is headed then I dont know what the hell will.

At 2:40 PM, Anonymous Anonymous said...

Just curious. We are looking at public sector employees making up about 16% of the work force in the State. Obviously, it would be much lower when compared to the total population. I am wondering if anybody can point to some study or benchmark as to what is a "healthy" percentage of government workers. Then, I imagine you would have to look at the relative salaries they command to get a better picture as to how much government costs and realistically how much a state can afford. Sorry, I'll go back to counting those angels on the head of a pin again. Now where was I...

At 3:21 PM, Anonymous Anonymous said...

Quality of life is essential to well being.

The corruption of our public institutions is having a detrimental impact on the people of this state.

It's bankrupting us financially and morally.

Equal rights and protection under the law must be afforded to all.

New Jersey will thrive if US Attorney Chris Christie, Attorney General Stuart Rabner, and the Department of Justice/Internal Affairs continues to investigate and prosecute people known for abusing their positions of authority.

Any individual with a legitamate purpose to question the conduct of our government, police/detectives, prosecutors, lawyers, and judges should speak up.

At 8:47 PM, Anonymous Jim - PRS said...

I'm a native and a "Boomer" with deep roots in this state, but let me say this. If I were in my twenties or thirties and knocking my ass out trying to make a go of it, I'd be outta here in a heartbeat.

It saddens me to say that, but as long as the voters continue to turn a blind eye to the crap in Trenton, things will not improve.

At 11:50 PM, Blogger KingDrudge said...

"If I were in my twenties or thirties and knocking my ass out trying to make a go of it, I'd be outta here in a heartbeat."

Jim, you have no idea how many young people are taking you up on that suggestion as we speak, and I am one of them. Every student I know at FDU wants to move to GA, AZ, NC, or FL.

At 2:57 PM, Anonymous Anonymous said...

38,800 new jobs @$55K per year equals $2.1Billion in new payrolls. Multiply times 1.4 for medical and pension benefits and you get to $3Billion on unnessary new spending. That's like adding a Fortune 100 global corporation to the New Jersey State payroll in only 3 years time!!

Corzine ran Goldman Sachs and he is now trying to tell the public he doesn't know how to cost cut and streamline operations? Like he can't run the same metrics he ran at Goldman to figure out this state is severely bloated? Make the cuts Corzine unless you are just another big spending political hack.

The sad thing is people elected Corzine to rightsize New Jersey's budget. The sales tax increase which promised to balance the operational budget turned out to be a flop.

As Corzine knows from economics, tax rate increases don't necessarily mean higher tax revenues.

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