From pensions to casinos: A look at Monday’s big day in Trenton
N.J. POLITICS ROUNDUP A collection of political news from the Statehouse and around New Jersey TRENTON — Monday was the second-to-last day of the New Jersey…
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Monmouth County and specifically Oceanport and surrounding areas get screwed on the casino expansion plan. M.P. will not be allowed to have slots and vlt’s to enable them to be competitive with tracks in surrounding states that offer the same and the shared revenue percentage being talked about (2%??) is way to low to do much good….All and all its a bad deal for MP, Monmouth County and Oceanport.
NJ should end taxing pensions (I don’t have one) to help keep the wealthy NJ retirees in the state they are from, NJ. Keeping the pension money and the the retirees in NJ effectively keeps billions in discretionary funds right here. Many of our seniors will continue to work, volunteer and even spend some money in the restaurants, casinos and businesses.
The no-pension tax states are eating our lunch.