“New Jersey has been in this unenviable position for a long time,” said Joseph Seneca, a Rutgers economist. “Property taxes are driven primarily by the costs of local government and public education, and the steady rise over the years in these costs.” In addition, local governments in New Jersey rely almost exclusively on property taxes, while in other states, local governments are funded in part by sales and income taxes, according to Henry Coleman, a Rutgers professor who studies public finance.
NJSPL – Industry Employment Growth in NJ
By Will Irving Unpredictability has been one of the defining features of New Jersey’s labor market for much of the last two years. As the state’s unemployment rate climbed to among the highest in the nation, payroll employment continued to grow steadily before slowing...
