Posts Tagged ‘layoffs’

How did Trenton get to this point?

As Trenton’s low point approaches, let’s not forget that it was 20 years of previous administration that led us here. The current group has just put the final nails in the coffin.

We’re laying off 105 police officers because our municipal budget is over $200M and Trentonians already pay the highest tax rate in NJ just to contribute $70M of that amount. Contrary to popular belief, the State of NJ would pay almost that same total, plus almost ALL of our $300M school budget.

Trenton’s taxpayers are nowhere close to being able to pay for their own government. The state currently owns roughly 25% of property value in Trenton and pays over 40% of the cost of municipal and school budgets.

We could keep the police officers but our property taxes would have to go up an additional 12% or so, thereby bankrupting many of us.

How did we get here?

  • For 20 years we’ve added more affordable housing than any other city in NJ *. This kept our average income and housing price low relative to the rest of the state and continued to push up our police and school costs. We are overindexed on families with low disposable income. This makes Trenton unattractive for retailers.
  • Through inattention we’ve driven away almost every large private employer. We’ve agressively, beat down developers with arrogant demands. We’ve failed to reinvent our tax code so that it now punishes new development.
  • We’ve elected officials who failed to understand the linkage between budget, policy and our city’s health. Voters had only to spend 60 secconds during the election and they could have discovered that most of our current leadership was not up to the task of saving the city from its current plight.
  • Its been ignorance and pride that have brought us to this point. At some point Trentonians will have to do the hard work of taking responsibility for their city. The State can be a partner but Trentonians must cooperate in good faith. We must show a plan for recovery. We need to lead.

    * BTW – According to COAH’s Guide to Affordable Housing Trenton has 7799 affordable housing units (even before including Trenton Housing Authority or section 8). Readers should be aware that there are only 22,000 or so households in Trenton. This means that over 1 out of every 3 homes in Trenton is affordable housing.