“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.
Sommer & Soliman On BINJE’s Power Players List
Powerful Praise Those who are being honored share one characteristic: They are quick to credit their colleagues. Business in New Jersey Everyday (BINJE) honored CEOs and executive directors, managing partners and principals - those who are in charge in every sector in...