The Phil Murphy Effect: “My Clients Are Fleeing NJ Like It’s on Fire.”

Well, I guess the guys at Allied Van Lines like Phil Murphy. Everyone else, not so much.

That headline arrives via email from a money manager in northern New Jersey. The Garden State already has the third largest overall tax burden and the country’s highest property tax collections per capita. Now that federal reform has limited the deduction for state and local taxes, the price of government is surging again among high-income earners in New Jersey and other blue states. Taxpayers are searching for the exits.

In the financial industry of course it’s not just the clients who are looking for greener pastures. One hedge fund manager moving his office to a southern state reports that his new home on a golf course will be more than double the size of his house in Chatham, N.J. while generating just one third of the current property tax bill.

Others are staying out of necessity, but that doesn’t mean they want to bet on a Jersey comeback. “The apartment market in New Jersey is booming because nobody wants to own here. As soon as people are not tied to the area for business reasons, they leave,” says Jeffrey Sica, founder of Circle Squared, an alternative investments firm. “We structure real estate deals for family offices and high-net-worth individuals and at a record pace those family offices and individuals are leaving the TriState for lower-tax states. Probably a dozen this year at least,” he writes via email.

Last one to leave, please turn off the lights.

 

Advertisements

Phil Murphy’s proposed budget screws private school students

Phil Murphy is a unionista through and through. Teachers unions hate private schools. So naturally Phil Murphy’s first budget includes two big F-U’s to private school students.

The Governor’s Budget for Fiscal Year 2019 (2018-2019 school year) cut the ceiling for nonpublic school transportation from $1,000 to $884.00.  Last year, the Legislature increased that ceiling to $1,000 per pupil.

Busing costs way more than $1,000 per year. Try $2550 for my daughter. I pay more than $16,000 in property taxes for which I receive virtually no benefit from the government school. Leave it to Murphy The Unionista to take away the meager crumbs I was getting.

But wait, there’s more. Murphy doesn’t want private schools to have nurses. He’s eliminating their funding. Zero. Zilch. Nada. Your kid gets sick in private school? Too bad, no nurse for you!

Also, the funding for Nonpublic School Nursing and Technology accounts that were provided by the Legislature for the 2017-2018 school year (a total of $3.8 million) were cut by Governor Murphy in the proposed FY 2019 State Budget.

Meanwhile he’s throwing money at the teachers union so they can expand preschools to include more illegal aliens.

The New Jersey Catholic Conference is outraged by Murphy’s attack on their students. You should be too. Will my rubber-stamp state representatives stand up for us? I won’t hold my breath. Dick Codey hates private schools even more than Murphy does. And John McKeon and Mila Jasey haven’t had an original thought in their entire lives.

So now I have one more reason to shake the dirt of this god-forsaken state off my feet and move out.

Phil Murphy is itching to tax you, me, and the guy behind the tree

The Democrat-controlled NJ state legislature isn’t raising taxes fast enough for Phil Murphy.

With about two months to go until a state budget must be signed, Murphy signaled to top state lawmakers — who hail from his own party — to get on board with his plans to raise taxes because it’s “the right thing to do.”

Now here’s why I needed to get back to this blogging thing. Write this down folks, in case you ever forget. Raising taxes is never, and I mean never!, “the right thing to do.” Honest. You should print it on T shirts. Because anyone who thinks we don’t have enough government is delusional. There’s government as far as the eye can see, and there’s government hiding in every nook and cranny around the corner too. We don’t need higher taxes. We need to cut government spending. Preferably with a chain saw.

Alas the moocher class got their designer shorts in a knot over Chris Christie closing a bridge and they rejected a perfectly reasonable moderate GOP woman in favor of a radical progressive BernieBot. Smurph’s got all kinds of grandiose plans to hand out “free” stuff off the backs of the working class. Free community college. Free day care. Free pre-school. Free everything for illegal aliens. He told you he was gonna pay for it all with magic unicorns; turns out you’re going to be the ones paying for it instead.

Ayup, Chris Christie’s sales tax cut is a goner. C’mon, you didn’t really think the Dems would take that money off the table, did you? And they’re gonna extend the sales tax to all your hipster gig services like Uber, Lyft, and Airbnb. That’s what you get when you vote for Democrats. They promise you the moon, then they pick your pocket.

Bend over Jersey. Phil Murphy’s in charge now and you haven’t begun to pay your fair share.

 

At Rutgers, “inclusion and diversity” means excluding Conservatives

If I was a parent sending his kid to Rutgers I’d consider asking for my money back. Because the students’ idea of “inclusion and diversity” is pretty odd indeed.

Protesters were out in full force Tuesday night during Milo Yiannopoulis’ “Most Dangerous Faggot Tour” stop at Rutgers University, which brought in about 450 students.

Student protesters, reportedly from the group RU Speak Out and other organizations, stood up in the middle of Milo’s speech after one protester screamed, “This man represents hatred!” and then started smearing fake blood all over themselves.

“[Rutgers groups] should not be inviting anyone like Yiannopoulos because what we stand for is inclusion and diversity,” student activist Nyuma Waggeh told The Daily Targum. “If a speaker makes someone feel unsafe or uncomfortable, then they should not come to campus.”

I don’t think “student activist” Nyuma Waggeh understands the definition of the word “inclusion.” She’s probably too busy protesting to attend English class.

But on the plus side, any potential employer who Googles this knucklehead will quickly come to the realization she’s job candidate kryptonite. Of course it’s likely she’s majoring in something useless that ends in “Studies” so the lack of job prospects is already built in, but why take the chance?

 

Having solved all our other problems, the NJ legislature redefines the English language

Why use one word when a paragraph will do?

Legislation that would strike from state law “pejorative and archaic language” that refers to people with disabilities began advancing in the state Assembly today.

The Assembly Human Services Committee voted 5-0 to approve the bill (A4461), which would make hundreds of changes in the way state law refers to disabilities.

Among the changes:

  • “Handicapped persons” would be referred to instead as “persons with disabilities.” References to “crippled” would be replaced with “physical disability.”
  • “Drug dependent person” or “drug addict” would be replaced with “person with a substance use disorder involving drugs or narcotics.”
  • The term “minimal brain dysfunction” would be replaced by “attention deficit hyperactivity disorder”
  • “Muteness” would be called “inability to speak.”

Because the important thing is to make drug addicts feel good about how their arrest warrant reads.

How this legislation lowers my taxes remains unclear.

NJ’s DMV is finally replacing their 30 year old computer system, with one that’s only 10 years old

I guess this is considered progress when you work for the government.

When the computers that run the state Motor Vehicle Commission’s 39 agencies were new, Duran Duran topped the charts and the Chevy Cavalier was a best-selling car.

Thirty years later, a driver who wants to register and title that Cavalier as a classic car will deal with the same computer system that processed the vehicles paperwork when it was new.

The MVC’s computer system has been blamed for failing and shutting down motor vehicle agencies statewide four times this year, sending drivers away empty-handed.

For the past 10 years, the MVC has unsuccessfully tried to retire the old COBOL computer system with a new system, dubbed MATRX. The original plan was to have MATRX running in three years, said Mairin Bellack, an MVC spokeswoman.

“This has burdened us since the day we walked in,” said Raymond Martinez, MVC chief administrator. “We inherited it. I believe it was a snake pit from the start.”

MATRX was proposed in 2005, scoped out in 2006, advertised in 2007 and a contract awarded in 2008. Since then the project has been delayed while costs have increased. The MATRX contract bounced to three vendors, with HP being the last company to inherit it from EDS, a predecessor company, MVC officials said.

There’s nothing like technology from 2006 to keep things humming along smoothly in 2015.

And here I thought CGI was the epitome of inefficiency for bungling the Obamacare rollout. Hah! Way to go NJ DMV, you managed to make CGI look competent by comparison.

Atlantic City’s new marketing slogan: At Least We’re Not Detroit!

Atlantic City Mayor Don Guardian has a, uh, unique way with words. Four of his city’s 12 casinos closed last year, killing 8,000 jobs. Gambling revenue is down by half. And Caesars Entertainment just filed for bankruptcy.

Mayor Guardian’s outlook?

“At least we are not Detroit.”

Not yet, anyway.

Visit Atlantic City! Because you could’ve gone to Detroit!