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Archive for May 20th, 2011

Tax windfalls, conspiracy theories and the end of the world

20 May

This week, we received some good news for a change about New Jersey’s economy and state budget. The number (13,400) of private sector job increased last month and income tax revenues are higher than the Christie administration forecast.  However, government jobs increased by 600.  Given the budget situation at both the state and local levels, why is there any new hiring occurring in government?  Local, county and state governments should be downsizing to bring their budgets under control, not increasing the cost of government.

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Posted in Income taxes, Local government, New Jersey, State government