Archive for the ‘Taxes and Budgets’ Category

Back during the Water Works debate when times were less turbid, I made one central argument for selling the suburban water works. (see Invest the Trenton Water Works proceeds in the future not the past ,   Valuation tips for voters on the Water Works deal  and  Hope for Trenton – Compromise on the Water Works deal)

My thesis was that the suburban pipes were not strategic for the operation of Trenton as a city and that it would, instead, divert management attention from out critical issues. Read the rest of this entry »

There’s been a lot of talk lately about citizen’s advisory groups in Trenton politics.  We’re in such a bad state that it seems a good idea to get citizen input on the policies that might revitalize the city. Read the rest of this entry »

The following story is often passed along by Republicans who wish their liberal friends could understand economics.  They hope that making a simple parable out of the down-side of progressive taxation they can stop the madness.  As Dr. Kamerschen (the author) and many other economist and philosophers (including my favorite Ayn Rand) have pointed out, there is no stopping the madness of self destructive societal behavior that attempts to feed on the success of others.  That’s certainly one of the factors that’s contributed to Trenton’s mess.  We love the poor and hate the rich.

Read the rest of this entry »

Hopefully our city council will quickly move away from the issue of the council president’s “race”. It is unseemly to think that race divides our city council.

On to more important things. Read the rest of this entry »

The Fix Trenton’s Budget committee created a multiple choice survey to assess the aptitude and policy perspective of Trenton’s municipal candidates.  This was the committee’s major pre-election project.  We hope it gives some perspective on the kinds of things that are necessary to fix the problem and the candidates who are most in tune with the correct solutions. Read the rest of this entry »

The below is a guest article by Stephen Slusher – Thanks to him for letting Reinvent Trenton publish it.

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A Modest Proposal to the Governor For Preventing the Institutions of NJ from being a Burden the Taxpayers and for Making them Beneficial to the Public.

Governor Christie is pushing cuts in state funding for the City of Trenton, including eliminating the Capital City Aid program.  Meanwhile state budget officials and legislators are struggling to balance the budget – and everybody thinks if we can just get through this next year things have got to improve. Read the rest of this entry »

Now that the Petitioners have won their court case, the voters may need to decide on whether to do the Water Deal.  This is a complicated decision and presumably will be on the ballot this December.  In the meantime, the city will have to pass along at least an $.80 / $100 tax hike.  That’s assuming there’s not another tax hike on top of that to make up for money the State is taking away. Read the rest of this entry »

The elephant in the room when it comes to revitalization is schools.  Everyone knows it but most are hesitant to talk about the real underlying problem. Read the rest of this entry »

I should point out the central fact that is in dispute in the Mayor’s speech on March 30th.

Mayor Palmer claims that the State should be paying us $155M if they were taxed at our rate (~let’s say 3% effective). That would equate to a valuation of state property of roughly $4.5B. Read the rest of this entry »

One member owns a new restaurant downtown.  Another develops real estate, converting old buildings to new residences.  A third works on Wall Street.  Other members by profession include a college professor, a retired state worker, and the director of a non-profit arts organization. Read the rest of this entry »