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Post by vincegatto on May 16, 2010 14:43:46 GMT -5
Well, now we know what the State is going to do with some of that money that they yanked from municipalities and school districts. You know, the State aid that got pulled and forced many towns to lay off teachers, cops and other employees. The State is giving away $100 million to new home buyers at a rate of $15,000 per home as an incentive to push home sales. That's about double the $8,500/$6,500 that the Feds were giving away under the Federal program that ended last month. Interestingly enough the Feds decided not to extend their program, because with low interest rates and the economy picking up, home sales are starting to stabilize and the Federal program is no longer needed. Of course, none of this economic logic has made it to the State of NJ yet, as just last Thursday - the Assembly passed bill A1678 which will begin the NJ program this year. www.njleg.state.nj.us/2010/Bills/A2000/1678_R1.HTMI just don't understand, we don't have enough tax money to pay teachers and cops, but we do have enough money to create buying incentives to benefit home builders, real estate agents, carpenters, brick layers, electricians, plumbers, carpet salesmen, furniture stores and others who are supported by building trades. Can someone explain why this is a good idea, since the money is coming from your taxes? |
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Post by stevemcgarrett on May 17, 2010 6:33:25 GMT -5
Well, now we know what the State is going to do with some of that money that they yanked from municipalities and school districts. You know, the State aid that got pulled and forced many towns to lay off teachers, cops and other employees. The State is giving away $100 million to new home buyers at a rate of $15,000 per home as an incentive to push home sales. That's about double the $8,500/$6,500 that the Feds were giving away under the Federal program that ended last month. Interestingly enough the Feds decided not to extend their program, because with low interest rates and the economy picking up, home sales are starting to stabilize and the Federal program is no longer needed. Of course, none of this economic logic has made it to the State of NJ yet, as just last Thursday - the Assembly passed bill A1678 which will begin the NJ program this year. www.njleg.state.nj.us/2010/Bills/A2000/1678_R1.HTM[glow=red,2,300] I just don't understand[/glow], we don't have enough tax money to pay teachers and cops, but we do have enough money to create buying incentives to benefit home builders, real estate agents, carpenters, brick layers, electricians, plumbers, carpet salesmen, furniture stores and others who are supported by building trades. Can someone explain why this is a good idea, since the money is coming from your taxes? Really you don't understand? I'd imagine it's because the union backing them has more push than the union backing the teachers. Just another day in the Garden State.  |
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Post by vincegatto on May 17, 2010 8:44:18 GMT -5
Well, now we know what the State is going to do with some of that money that they yanked from municipalities and school districts. You know, the State aid that got pulled and forced many towns to lay off teachers, cops and other employees. The State is giving away $100 million to new home buyers at a rate of $15,000 per home as an incentive to push home sales. That's about double the $8,500/$6,500 that the Feds were giving away under the Federal program that ended last month. Interestingly enough the Feds decided not to extend their program, because with low interest rates and the economy picking up, home sales are starting to stabilize and the Federal program is no longer needed. Of course, none of this economic logic has made it to the State of NJ yet, as just last Thursday - the Assembly passed bill A1678 which will begin the NJ program this year. www.njleg.state.nj.us/2010/Bills/A2000/1678_R1.HTM[glow=red,2,300] I just don't understand[/glow], we don't have enough tax money to pay teachers and cops, but we do have enough money to create buying incentives to benefit home builders, real estate agents, carpenters, brick layers, electricians, plumbers, carpet salesmen, furniture stores and others who are supported by building trades. Can someone explain why this is a good idea, since the money is coming from your taxes? Really you don't understand? I'd imagine it's because the union backing them has more push than the union backing the teachers. Just another day in the Garden State. But wait, Governor Christi said that there was plenty of tax revenue coming in - no need for tax increases, it was the spending that had to be stopped. Between the municipal and school funding cutbacks, he pulled out over $1 Billion in State spending. Now he turns around and gives away $100 million in taxpayer money to people that can qualify to own a home but need a big give-away incentive to buy a new one. Isn't that redistribution of wealth. He is taking money from a poor kid's after school reading programming and giving it to a young stock broker to buy a brand new house in a fancy upscale community that will be built by a millionaire developer from North Jersey. The spending is not being stopped, he is just moving money around. How about if we put $100 million back into the property tax rebates for Seniors that were cut out to save money? Didn't the people who will get Christi's $15,000 incentive already have a previous chance to get the Federal home buying incentive up until last month under Obama's stimulus plan? Does NJ have to sweeten the pot by doubling the give-away and extending it with your tax dollars. But, wait again- is it really Christi or the Democrats in the Legislature pushing this? How come they are not fighting for the schools and towns funding instead. Well, Christi has veto power. Let's see what happens. This State does not have enough money to waste on construction stimulus programs that even Obama feels are not needed. |
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