Wednesday, May 6, 2009
At the end of 2008, 196,000 families packed their bags, shut off the light switch, and left New Jersey.
The state lost nearly 100,000 jobs during the past year alone and, as of February, its unemployment rate stands at 8.2 percent, and increasing. Add in those who no longer qualify for unemployment benefits, and aren’t even bothering to look for work, it is closer to 15.7% mark.
Over the past seven years State spending has increased 46 percent under Democrat control, State debt stands at $44.5 billion, with the average property tax averaging around $7,000. At $7,045, it remains the highest in the nation, up nearly 20 percent under the Corzine Administration and 55 percent since 2002.
Several months’ back Corzine was talking about closing State Parks then rescinded his thoughts on that. Instead of closing parks he now wants to build one.
Even though the state is saddled with a $7 billion deficit, with many families losing their jobs and homes, left with no medical benefits, the Governor intends to close the $7 billion gap by saddling middle class families with $1 billion in new or increased taxes for 2010.
Is all this new revenue going towards paying down the debt, or to leave us with his future ego legacy of Corzine Park to the tune of $87 million? Not including overrun costs, which could peak at $500 million? If this is not enough to rile up the ire of state taxpayers, I don’t know what will.
Corzine has not followed through on any of his campaign promises, continuing to spend taxpayer money, knowing full well we were heading into a recession. His taxpayer be damned attitude continues, knowing the financial hardships being placed on New Jersey families. $87 million can go a long way in helping ease the pain of the state taxpayers who Corzine proclaims that he knows what they are going through.
If he can take $4 million from the EMT funds to balance the budget, he can divert the Corporation Business Tax towards that entity also. He isn’t using it for its intended purpose anyhow, which was to fund the development and maintenance of parks throughout the state.
Corporate Wall Street fiscal management, I think not. New Jersey burns, while fiddles are being played in the Statehouse.
Taking dedicated funds to pay off another debt is the easy way out, you don't have to work to hard to solve the problem at hand. Taking those funds to finance another project is ludicrous. It just creates another one down the road, which is how we got into this mess.
~ Joe Sinagra
NJ 18th District
State Assembly Candidate