Excellent post, Ken, as always.
Fausta | Homepage | 03.02.05 - 8:29 am | #

Based on my municipal experience there are a few more questions that need to be answered -- but they are spending questions, not revenue.

How much of the budget is devoted to debt service? Or maybe, how much of the budget is devoted to non-discretionary spending: debt service, union contracts, pensions, insurance premiums, etc. I.e. how big a hole are we in before we even begin?

The tax problems in NJ are more accurately described as entitlement problems. A succession of administrations, both Republican as well as Democratic, have given away the store in order to get re-elected.
The Prop | Homepage | 03.02.05 - 10:36 am | #

I agree on the entitlement problem -- the politicans think they're entitled to our money.
Ken Adams | Homepage | 03.02.05 - 10:19 pm | #