Exiting New Jersey's Fiscal Nightmare

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Reason.com

Exiting New Jersey's Fiscal Nightmare

Eileen Norcross | Jan 22, 2010

"As he takes office this week, Christie’s real challenge is to stop this exploitation of the state’s treasury by the public sector unions. Here are some easy ways to start. He can lead the charge in rooting out obvious public sector excess, such as massive cash payouts for unused leave, and paid time off for holiday shopping.

More difficult but still essential is changing the state’s budget rules. Christie must pull the plug on the Property Tax Relief Fund and reject the state Supreme Court’s Abbott funding requirements. He must return the state to a flatter income tax and put the revenues in the general fund. And finally, he must discontinue the fiction that this immense redistribution of revenues has anything to do with property tax relief."