Tuesday, March 07, 2006

The tax hikes are coming....

Corzine, yesterday, told a group of people that he was speaking to that there would be deep cuts and tax increases.
Former state Treasurer Michael Horn, a Republican and a member of Corzine's transition team, said he thinks tax increases are inevitable. "I think enhanced revenues through tax increases, whether they be permanent or temporary, will have to be done," Horn told the gathering.
So far we have seen no real information on planned budget cuts. All that the transition team has spoken about in detail is tax increases. It's easy to fill a 4.5 billion budget gap. Just cut state spending by 4.5 billion. The net effect will be a drastic increase in local property taxes and then people can see how their local government and school boards have mismanaged their money.

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