New Jersey is home to over eight million residents, because of its farms, seashore communities, mild weather conditions, and high paying jobs. It is one of the wealthiest states in the country, with the median household making over 70,000 a year, but somehow is facing a deficit of 10.7 billion dollars.
New Jersey’s proposed budget for the coming fiscal year of 2011 would have been over 38 billion dollars to keep things moving just as they have. This is an eight billion dollar increase from 2010 and a sixteen billion dollar increase over the past eight years.
New Jersey is not just known for its history, tomatoes, and high paying state jobs, but also for its property taxes, on average they are over 7000.00 annually and are the highest in the nation. New Jersey residents understand there is a price to pay for having access to all that the state offers between recreations, education (some of the best universities in the country are in NJ), proximity to three other metropolitan areas, and having the comfort of not worrying about major natural disasters.
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