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Re: These 28 N.J. towns are booming with families earning $200K or more
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Home away from home
 
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I am sure you are not the only one making the same calculation. After 12 years of living in JC, and almost 20 in NJ, I am fast approaching the same point: the state is in financial shambles, taxation is punishing (with no signs of it ever slowing down) and it just seems very bleak overall for a person (or, family) with above average income: rich enough to get over taxed, but not rich enough to just shrug it off.
Posted on: 2018/7/2 12:49
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Re: These 28 N.J. towns are booming with families earning $200K or more
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Newbie
 
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I'm taking my income and taxes elsewhere. Later, suckers!
Posted on: 2018/7/1 17:05
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Re: These 28 N.J. towns are booming with families earning $200K or more
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Home away from home
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It doesn't help JC when these dopes and the mayor are bragging about it, all the while nailing their own financial coffin.
Posted on: 2018/7/1 16:42
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Re: These 28 N.J. towns are booming with families earning $200K or more
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Home away from home
Joined:
2007/7/4 16:37 Last Login : 2021/11/4 21:55 From Hamilton Park
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So they spread this burden on everyone to compensate for the loss, landlords and renters alike. Once could argue that tenants who have school children should indeed contribute to funding, hence the broader base. A lot of the school funding will still come from landlords.
The JC council will still have to vote on this if I am not misguided. The main concern I have is what will happen to that 1% once the rule is established..., so yeah, Steve better figure it out and prove that he can still PILOT things effectively - pun intended. The building boom cash cow is not going to last forever.
Posted on: 2018/7/1 15:52
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Re: These 28 N.J. towns are booming with families earning $200K or more
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Home away from home
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I think JC is predicting a ton of cash from the city salary tax, which should cover any loss of state aid for the near future.
Posted on: 2018/7/1 15:13
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Re: These 28 N.J. towns are booming with families earning $200K or more
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Home away from home
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$3.5mm is just for the first year for JC. Then that number goes up exponentially over the next 6 years. So steve has one year of grace period to figure it out. Tax hikes on homeowners is inevitable.
Posted on: 2018/7/1 14:31
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Re: These 28 N.J. towns are booming with families earning $200K or more
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Home away from home
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So now I can't comment on articles posted just because they're from you? I didn't curse or call you names. Get a life buddy. Either way, I do thank you for posting this. I'm always afraid I'm going to miss an article and not get the ammunition I need. I genuinely thank you.
Posted on: 2018/7/1 14:26
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Re: These 28 N.J. towns are booming with families earning $200K or more
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Home away from home
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N.J. Budget: 5 Things you Need to Know
5. School funding will be revamped. Murphy said he will sign a bill to overhaul the state's school funding formula. Money will be shifted over seven years from districts considered overfunded under the school funding formula to underfunded districts. No district will gain or lose more than $3.5 million next year. More about funding overhaul "...Jersey City, which stands to lose the most funding, is getting a special reprieve from the state. Under a separate bill, the city could levy a 1 percent payroll tax, with the school district as the sole recipient."
Posted on: 2018/7/1 14:07
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Re: These 28 N.J. towns are booming with families earning $200K or more
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Home away from home
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Right I wrote the piece for nj.com. Still staking me after 2 years...how creepy of you.
Posted on: 2018/7/1 13:34
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Re: These 28 N.J. towns are booming with families earning $200K or more
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Home away from home
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Yes!! Thank you for posting, dude. This is helping some of us get the state legislature to reduce education state aid to places like JC and make JC pay for its own schools. Keep them coming!
Posted on: 2018/7/1 13:12
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These 28 N.J. towns are booming with families earning $200K or more
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Home away from home
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These 28 N.J. towns are booming with families earning $200K or more Posted July 01, 2018 at 04:01 AM | Updated July 01, 2018 at 04:01 AM By Carla Astudillo | NJ Advance Media for NJ.com High taxes are chasing wealthy New Jersey residents away from the Garden State. That's the common refrain repeated throughout the state. But there's also been significant growth in families earning $200,000 or more, Census data shows. https://www.nj.com/data/2018/07/these_ ... 2box_nj-homepage-featured 1. Jersey City (Hudson) Household Income of $200,000 or more (2005-2009): 5,184 households (5.58%) (2012-2016): 9,134 households (9.2%) Change: +3,950
Posted on: 2018/7/1 11:10
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