Approximately 83,000 employees at an average salary of $50,000 equals … let\’s see … $4.15 billion. That\’s only for salaries. Add 10 percent for payroll taxes and another 3 percent for minimal pension costs and that equals an additional $540 million.
Therefore, labor costs alone account for at least 14 percent of the total 2007-08 New Jersey budget. That doesn\’t even include health benefits.
Now Gov. Jon S. Corzine has outlined his plan to raise revenue so the state can meet its obligations.
He says the debt of the state of New Jersey is equal to $45,000 per household, and this is why the Legislature must continue to raise \”revenue.\”
ote that I said raise \”revenue\” and not raise taxes.
Our state politicians no longer raise taxes. Instead, they burden us with all kinds of business-related and personal fees, costs, tolls, etc. so they can say they didn\’t raise taxes and continue to get elected. But nowhere did I see the governor or any of our elected officials mention the obviously bloated state labor force as a potential source of cost cutting.
Let\’s demand that our elected officials begin to cut costs as opposed to raising revenue to keep us afloat. In fact, I have a proposal for our government.
I will secure a home equity loan on my house for $45,000. With that money, I will pay off my share of the current state debt with the proviso that I must be consulted before any additional costs are added into the state budget. If I don\’t agree, I will veto any new spending.
Gov. Corzine, state lawmakers: Stop the nonsense.
MARK MOROWITZ
Linwood
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