leetnewb2

leetnewb2 t1_ja2esbt wrote

Offshore wind is in its early stages in general here, but especially here. Wind power costs have come down tremendously, but onshore is simpler and less expensive. In a state like NJ, onshore isn't all that viable to scale up. Experience with offshore wind should drive costs down as it has elsewhere, but we sort of need the industry, process, and domain knowledge to do it effectively.

IMO, the question isn't whether the current offshore wind builds benefit you directly. Rather, it is whether offshore wind belongs in the energy portfolio in the long run. If it does, laying the groundwork today makes a whole lot of sense.

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leetnewb2 t1_j4zu928 wrote

> NY and NJ have tax revenue sharing systems in place for residents of one who work in the other.

That is incorrect. I am a NJ resident that works in NYC. I file taxes in both states and take a credit from NJ for taxes paid to NYS, which effectively nullify any individual income tax contribution to NJ. NJ collects no income tax from me while subsidizing services to me. It is a huge part of NJ's funding gap.

> The fact that you didn't know that, or understand that income tax is trivial compared to property and corporate and industry make it clear you don't have any idea how the state budget operates.

Please cite literally anything that supports your position.

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leetnewb2 t1_j4zorbh wrote

> The labels are relevant because suburban areas are bedroom communities without industry of any kind(and we're not just talking about north jersey), which is why they languish in terms of tax revenue.

That makes less sense in the emerging era of remote work. And it doesn't make much sense to talk about South Jersey when the bulk of the state population is in Central and North.

> And the tax dynamics with NYC are complex, but still generate significant revenue for the state, but it's irrelevant to the conversation because we're talking about NJ cities.

NJ commuters to NYC pay income taxes to NYS. How does that generate significant revenue for NJ? It is relevant to the discussion because such a significant chunk of income to the residents of NJ is generated in NYS and does not result in state taxes paid to NJ. You could argue that NJ suburbs are dependent on NYC for income.

> While the population density of NJ is quite high, it's because our cities are some of the densest in the world. AND they have significant industry of all kinds, making them produce tax revenue orders of magnitude higher than suburban areas.

The population density of NJ is high because Manhattan and the boroughs are extremely dense. And I'll repeat - in the era of remote work and substantial digital work, the concept of urban areas being the drivers of state revenue and productivity gets a little weaker.

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leetnewb2 t1_j4zlx8a wrote

NJ, and by virtue its suburbs, subsidize NYS and NYC primarily through tax dynamics. Also, North NJ's population density exceeds most cities in the country, so it isn't clear to me why the suburban/urban labels are even consistent in comparison. NJ's high infrastructure costs (roads in particular) are probably driven more by the population density, hostile seasons, and the heavy truck/freight traffic as the link between the massive container terminals in NYC/North NJ and the rest of the country.

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leetnewb2 t1_iuh3x5n wrote

I understand that he didn't pay as much as he negotiated, but neither did his predecessors. On the other hand, he contributed more than all of his predecessors. Christie ran the state in one of the worst economic environments of the last century. The tax collections weren't there to make those payments.

I appreciate why pensioners have it out for Christie, but to say that HE destroyed the pension when it was left unfunded across some 7 governors before him seems somewhat misguided.

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