William E. Cleary Sr. | CNBNewsnet
Gloucester City mayor and council passed an ordinance on second reading Feb. 21, 2019 to exceed the municipal budget limit up to 3.5 percent over the previous year's appropriations. The amount of the increase is $580,696.
As such Gloucester City residents can expect their municipal taxes will go up once again. You can also expect that more people will have to abandon their homes because they can't afford to live here any longer.
It is apparent that those in charge of the finances in this city and this state haven't a clue on how to manage money.
Does anyone know the last time we didn't have a tax increase?
Today's South Jersey Times mentions the recent minimum wage increase could cost residents in New Jersey up to $600M.
The lifeguards and visitor guides at state parks. The entry-level employees at the county animal shelter. The interns at the library. They are all about to get pay raises, and it's going to cost taxpayers one way or another.
For the state, it means an initial increase of $3.2 million in wages for the first year, a figure that balloons to anywhere from $300 million to $600 million five years from now. New Jersey's counties and local government say results will vary, but it's likely fees will rise and services cut in some jurisdictions to counteract increased payroll costs.
State Senator Declan O'Scanlon, R-Monmouth. "Here we are adding to the pile of money we don't have."
This isn't the time to increase the minimum wage in a state that is facing a $253B public pension emergency. In 2017 New York Public Radio reported (The Ticking Time Bomb) that New Jersey’s public pension system faces a $253 billion crisis that could result in higher taxes for residents, fewer services or even bankruptcy for state government.
This trend of raising taxes will continue as long as the residents/taxpayers of Gloucester City and the state of New Jersey continue to give mayor and council, the legislators and governor carte blanche to spend, spend, spend. With no regard for the middle and poor class in our community, local taxes and state taxes will continue to rise. And, those living on fixed incomes will continue to lose their homes.
Where is the public outcry?
In 1773 our forefathers revolted over a tax on tea which led to a war. We bet if those same individuals were alive today there would be another revolution.
The out of control spending by our leaders is going to be the downfall of our society. It is just a matter of time.