"Knowledge will forever govern ignorance

 and a people who mean to be their own governors

 must arm themselves with the power which knowledge gives."

Tuesday, January 29, 2008

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?

New Jersey State Revenue Projections
Fiscal Years 2008 and 2009
(In millions)

Click to Enlarge



9 Comments:

At 1:09 PM, Blogger Dino P. Crocetti said...

Ah, Enlighten, my friend, you're an excellent Devil's Advocate!

 
At 6:49 PM, Blogger alohasteve said...

Great site!

Would you like a Link Exchange with The Internet Radio Network? At the IRN you can listen to over 60 of America’s top Talk Shows via Free Streaming Audio! In addition you can email the President, VP and Congressional Leaders!!
http://netradionetwork.com

 
At 8:00 AM, Blogger cwysocki said...

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

 
At 2:40 PM, OpenID pfaut said...

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.

 
At 2:42 AM, Anonymous Anonymous said...

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At 2:37 PM, Anonymous SanSantiago said...

I wrote letters to Corzine, and our lovely two senators telling them to stop, stop, stop the spending now! We need greater transparency into their accounting. I think there is double-dipping going on and the amount that goes to colleges an universities is unchecked. Where is all this money really going? We need to stop wasteful spending and cut property and income taxes. Jobs are leaving NJ and so are our kid.

 
At 10:55 PM, Anonymous Anonymous said...

Health care delivery problems in Canada
Often when the issue of health care access is discussed someone will point north and advocate for a Canada-styled heath care system for the U.S.
But there are problems in the Canadian health care system too. From theglobalandmail.com:
Canada, once able to boast about its high rank in the world for low infant-mortality rate – sixth place in 1990 – saw its rank plummet to 25th place in 2005, according to figures published this year by the Organization for Economic Co-operation and Development.
Specifically, Canada's infant mortality rate of 5.4 deaths per 1,000 live births is tied with Estonia's and more than double Sweden's rate of 2.4.
According to the OECD the infant mortality rate for the U.S. was not listed for 2005 but it was 6.8 (deaths per 1000 live births) for 2004.
In addition, the waiting times for many procedures in Canada seems long. In a report titled The Wait Time Strategy (available as a pdf at the health.gov.on.ca website) the number of days between decision to treat and treatment is listed. These are the average number of days waiting for December 2006 and January 2007.


Cancer Surgery 68 days
Angiography 28 days
Angioplasty 17 days
Bypass Surgery 48 days
Cataract Surgery 183 days
Hip Replacement 257 days
Knee Replacement 307 days
MRI 105 days
CT 62 days


If interested, you can navigate the Canadian health care website and check the average waiting times for various hospitals and geographic areas in Ontario.

 
At 10:55 PM, Anonymous Anonymous said...

First let me apologize for any grammatical errors.
I am recently became an American Citizen and I am still learning the English language.
My mother use to say:
"The worse blind is the one which does not want to see".
The sad thing about all this situation (Presidential Elections 2008) is that…after all is done… (Obama wins)…people are gone say: What happened? I was so sure!
He sounded so good!
To good to be true!
This is what I have to say...To much talk...Who is him? Do you really know Obama? Two years in the Senate…campaigning…that’s all!
Promises…He says what people want to hear!
We all gone pay a very high price for this big mistake we (you) are getting yourselves in…
Open your eyes people!
Study the situations…get informed…Don’t believe in promises!
Look at the person! Their precedent…
Don’t you know that “were there’s smoke there’s fire?”
We should be more prudent with our choices…
We leave in a very dangerous world…very dangerous…
Look at the history of this world!
We are all living in a “lalala” world, not taking in consideration that bad people are out there, and they are planning right now, as we speak, to kill us!
Even if it takes 100 years…They will succeed!
And do you want to know why!
JUST BECAUSE WE CHOOSE TO BE BLIND…AND DEAF!
BE CAREFUL…AND… GOOD LUCK!
God bless you all!


AND For those who like Obama's Health Care Plan to make it Universal and give the government full control over it, I found something that I hope will make you think harder. There are only 3 countries that have universal health care: Canada, Cuba and Korea.

One Radio Talk Show in Canada talked about the crisis in their health care system on Oct. 4, 2008. Listen to it. If America adopts the same system, we will have the same crisis down the road.

 
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