By Matt Rooney | The Save Jersey Blog
Liberals won’t understand how it happened, Save Jerseyans, but New Jersey state revenues jumped 10.7% in July 2013 (versus July 2012) without an increase in taxes.
Imagine that!
A 8.8% increase in sales tax collections was responsible for much of the growth. For the year, New Jersey’s revenues are up by approximately 6.8%, or just shy of $100 million.
“New Jersey’s economic resurgence is well underway,” remarked Assemblyman Jon Bramnick (R-Union), the Assembly’s GOP minority leader and noted comedian. “Revenues are up, private-sector jobs have increased and unemployment is down. These trends are not unrelated. They all point to the fact that our economy is growing. These numbers reflect the increasing confidence of the consumer and the business community that our state is headed in the right direction.”
“The positive news about revenues demonstrates our economic recovery is sustained and real,” added Assemblyman Declan O’Scanlon, the GOP budget officer. “The key revenue drivers, such as gross income tax and sales tax collections, indicate the increasing confidence people have about their future and the future of our state. Our economy continues to show steady and sustained improvement. As the unemployment rate continues to trend down and revenues continue to grow, it is clear that Governor Christie has an economic strategy that works.”
Now imagine how high sales tax revenues would jump if the Trenton Democrats signed on to the Governor’s tax cut plan and, consequently, New Jersey consumers had more to spend? There’s a trend – or a correlation, if you prefer – with which all voters need to acquaint themselves before entering a booth this November.
