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So... 6% Or 7%?


Which do you believe?  

23 members have voted

  1. 1. Tax rate should be

    • 6
      19
    • 7
      4


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with all the money this govt wastes I still say fvck em... let them actually do their jobs and find the money withOUT bleeding me more :P

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Not too shabby indeed, NZT.

BTW, finally found another hockey fan up here! Might be getting a weekend package for the Bats this fall! They seem to be an Aeros/Wild affiliate now. Now I don't have to indirectly root for Dallas! :evil:

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Looks like the state is poised to open again with a 7% sales tax.

http://news.yahoo.com/s/ap/20060706/ap_on_...zkxBHNlYwN0bQ--

RENTON, N.J. - New Jersey leaders agreed on a state budget Thursday following a six-day government shutdown that shuttered casinos and threw more than 80,000 people out of work, a high-ranking Statehouse official said.

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"They'll be announcing the final elements later this afternoon," said the official, who spoke on condition of anonymity because the governor will announce the deal.

The deal includes a sales tax increase that would raise $1.1 billion a year, a different high-ranking Statehouse official said, speaking on condition of anonymity. Half of the new money would be used to lower property taxes this year, and all of it would go for that purpose next year, the official said.

The deal came after a midday meeting between top legislative leaders and Gov. Jon S. Corzine, who has repeatedly urged them to compromise to close the state's $4.5 billion budget gap.

He ordered state offices shut down Saturday after the lawmakers failed to pass a budget by the July 1 deadline. All non-essential state government operations closed, and he furloughed more than half the state's employees.

Among the 45,000 state workers off the job were state gambling inspectors; without the gambling inspectors, Atlantic City's 12 casinos had to shut their doors Wednesday, putting 36,000 casino employees out of work. State parks and beaches also were closed Wednesday because of the lack of staff.

Only about 36,000 people in vital roles such as child welfare, state police and mental hospitals remained on the job, and they were working without pay.

Under the deal, the sales tax will increase from 6 percent to 7 percent. Democrats who control the state Assembly had opposed the tax increase, estimated to cost the average New Jersey family $275 per year.

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Looks like the state is poised to open again with a 7% sales tax.

http://news.yahoo.com/s/ap/20060706/ap_on_...zkxBHNlYwN0bQ--

Half of the new money would be used to lower property taxes this year, and all of it would go for that purpose next year, the official said.

So......I am still confused. They are going to raise sales tax, and use that money to offset a reduction in proerty tax.......and the $4.5B deficit decreases how exactly? WTF? See this is why I just don't get this country. To me that is a net gain of nothing for everybody....except those who don't pay property tax.

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We need to merge school districts and police departments. And eliminate Abbott Districts.

Just as a start.

Corzine wants to raise the sales tax so he can send a big check to seniors to buy votes.

Stupid program.

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Corzine wants to raise the sales tax so he can send a big check to seniors to buy votes.

Ummm...

Half of the new money would be used to lower property taxes this year, and all of it would go for that purpose next year, the official said.

Are you saying that senior citizens are the only people who own homes in the state of New Jersey?

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We need to merge school districts and police departments.

Have to agree with you there...county police seem like such a huge waste of money. Why do we need three levels of law enforcement with everyone living on top of each other? It doesnt make sense.

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No. But they get a bigger check then younger families do.

Is it a tax rebate or tax break on property??

And if it's a rebate what is it $268.35???

Bah!!! NJ is just palin %#$&^* up

Not that Pa is much better.

with all the money this govt wastes I still say fvck em... let them actually do their jobs and find the money withOUT bleeding me more :P

:cheers:

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I am not a big fan of regressive taxation, so I would have preferred an increase in the income tax. Corzine's proposal is stupid. Raise the sales tax, and give it back to people as rebates.

On the other hand, he has put a lot of pressure on micro-municipalities to merge services. Bay Head is contracting with Point Pleasant Beach for its school superintendent (BH has a whopping 120 students in one grammar school- and probably 25% of those 120 are tuition paying).

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