Analysis: Millionaire’s Tax to Close Pension Gap Could Be Headed To Ballot in 2015
Analysis: Millionaire’s Tax to Close Pension Gap Could Be Headed To Ballot in 2015 (via NJSpotlight)
Gov. Chris Christie vowing to veto any tax increase, Democratic legislative leaders looking for pension-funding solutions may conclude that their best option is to bypass Christie by putting a millionaire’s tax on the ballot as a constitutional amendment…
More from my site
State Aid to New Jersey Municipalities Frozen for Third Consecutive Year
Moody’s Expects New Jersey To Use ‘One-Shots’ To Fill Shortfall
NJ debt downgraded for fifth time under Christie
NJ budget suffers another setback with $600M hole in April
Christie’s pension plan puts NJ Democrats in a bind as budget deadline looms
Opinion: Christie’s Available Options Have Gone From Bad to Worse
N.J. Democrats say they’ll make good on $3.1 billion pension promise with budget
S&P Turns Thumb Down On Christie Budgets, Downgrades Bond Rating
Analysis: Tax Amnesty Eyed As Part Of $1.4 Billion Budget Solution
NJ pension payment could be delayed by Christie, risking downgrades
if it passes, I suspect more people will be heading for the exits, leaving the burden to fall on more and more of the middle class.
I am not sure how many people make over $500,000, but I am certain they cannot pay for the billion dollar shortfall alone. The math never adds up. Where are the cut backs?