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I had the pleasure of attending a talk by Newark Mayor Cory Booker to Morris County business folk last week on what opportunities he sees for New Jersey to grow to reclaim its place as one of the greatest states in our country. The Daily Record covered the event:

“New Jersey is the innovation state,” said Booker, the keynote speaker at the Good Morning, Morris! breakfast held at the Park Avenue Club. “Ideas are the most powerful things. If we can start coming together with powerful ideas, we can create transformative change.”

On the heels of such inspiring words, I get in my inbox today these articles:

• Don't die in New Jersey - A comparison of state estate taxes shows it might be worth it to move one last time - perhaps to Florida?

• New Jersey is not the only state with tax collections trailing projections - We are one of several large states, including California, Florida and Pennsylvania, where revenues are flat or down - so don't move to Florida?

• New Jersey, Florida May Face Cuts as Revenue Lags, Moody’s Says - Hurricane Irene didn't help, and I can't imagine the recent snow did either. Apparently Texas, Georgia, Illinois, Ohio and North Carolina are meeting or beating revenue estimates - so move to North Carolina?

Please see full article below for more information.


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Published In: Administrative Law Updates, Finance & Banking Updates, Tax Law Updates, Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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