Have You Heard About the $1 billion State Tax Cut?
Governor Jon Corzine has pledged not to spend more next year than in 2008 if his “financial restructuring plan” is approved. With all the hullabaloo about the toll road increases, we must have missed the coverage about the nearly $1 billion tax cut we’ll be getting next year.
Below are the state’s revenue projections for this year and for 2009 from New Jersey’s 2008 budget. As you can see, the state will take in $948 million more revenue for 2009 than 2008. Since Corzine promises not to spend more than last year, taxpayers are due a big tax cut in 2009. Why haven’t we heard more about this?
Below are the state’s revenue projections for this year and for 2009 from New Jersey’s 2008 budget. As you can see, the state will take in $948 million more revenue for 2009 than 2008. Since Corzine promises not to spend more than last year, taxpayers are due a big tax cut in 2009. Why haven’t we heard more about this?
New Jersey State Revenue Projections
Fiscal Years 2008 and 2009
(In millions)
Click to Enlarge
Fiscal Years 2008 and 2009
(In millions)
Click to Enlarge
Posted by Enlighten-NewJersey @ 12:51 PM
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5 Comments:
Ah, Enlighten, my friend, you're an excellent Devil's Advocate!
Great site!
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You should add this question to the list of questions Paul Mulshine wants to pose to Corzine at his next town meeting.
Of course, shortly after asking a question like this, you'll be sharing a cell with Steve Lonegan!
...Chris
The WyBlog
It's just another shell in the game. Used to be property tax, sales tax, and income tax. Now you can add tolls to the game.
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