February 26, 2009
New Jersey Republican State Senator Cites 2009 State Business Tax Climate Index in Op-Ed for Tri-Town News
"Gov.'s Affordable Housing Law is Destructive to New Jersey"
By State Sen. Jennifer Beck (R-12th District)
Our state is ranked dead last in terms of small business environment, according to the 2009 State Business Tax Climate Index released in 2008 by the Tax Foundation, and this new policy adds to that designation. Even our own Appellate Court has stated this about the COAH-imposed fees on developers:
"A regulatory regime that relies on developers to incur the uncompensated expense of providing affordable housing is unlikely to result in municipal zoning ordinances that make it realistically probable that the statewide need for affordable housing can be met."