VIEWS: 1 PAGES: 2 CATEGORY: Business & Economics POSTED ON: 7/31/2010
[...] solutions take decades to really become broad-based, effective answers. [...] those predominantly singleminded solutions don't always turn out so well.
Cap will stifle future business leadership Poll Results The 2 percent property-tax cap: IF you ArE short on cash, you can save $30 by ine such short-sighted thinking taking over in Corner Office 4.6% putting off the oil change on your car, but do it a state that has such concrete evidence of the for very long and it’s liable to end up being the value of that investment, but troubling signs Have a hard-hitting stance on a New Jersey most expensive $30 you ever saved — ask anyone are emerging. business issue? If you are a business or 13.6% who’s ever been to a last year, Christie slashed $475 million policy leader with a strong opinion, we mechanic to have an in education funding in the middle of the want to hear from you. Please send op-ed engine rebuilt. school year, forcing districts to empty surplus proposals to firstname.lastname@example.org. only a fool accounts that would have been used to cover 81.8% would take that future expenses or provide property tax relief. the New Jersey Education Association chance with a car, this year’s budget goes even further, slashing has raised the alarm against these ill-advised yet gov. Chris Chris- funding by nearly another $1 billion, leaving and shortsighted attempts to save money by tie seems intent on dozens of districts with no state aid at all and shortchanging our schools. we have an inter- Includes too many exemptions to be effective taking an even cost- nearly every district with deep budget holes est in this fight because of our commitment Is a fair compromise between the parties lier chance with our to plug. to ensuring that every child in New Jersey has Is too low and will hurt the state in the long run public schools. Barbara Keshishian Now, with no prospect of improvement in access to a great public school. click n graph tool, New Jersey’s state education funding, Christie and legisla- But we are not the only ones whose inter- make circle 2.125” public schools are among the finest in the tors have imposed a restrictive new 2 percent ests are at stake in this debate. taxpayers who nation. our students score at or near the top of national exams in every subject and at every cap on local funding for schools. the new cap is well below the 3 percent rate of inflation our care about the educational opportunities avail- able to their children also have an interest in Readers disappointed grade level. our preschools are the envy of other states, and our graduates are rated among the region has experienced over the last decade. It contains no exceptions for rising costs in many what happens to our public schools. Business owners who care about the quality of the work with ‘weak’ compromise best prepared for college. we lead the nation areas, including special education, energy or force that will be available in five, 10 and 20 By a staggering majority, the more than in closing the achievement gap that has long supplies. If inflation spikes, as some expect years have a stake, as well. As New Jersey 1,500 responders to the most recent poll felt bedeviled America’s education system. will happen in this unpredictable economy, emerges from the economic downturn and the property-tax cap compromise was a bad that is the result of years of consistent the cap contains no provision for schools to strives to regain its position as a leader, we are deal for new Jersey, with more than 80 per- investment in public education. Because of adjust their budgets adequately to deal with going to need talented, educated people. the cent saying its many exemptions will cripple that investment, New Jersey has a well-educat- that circumstance. decisions we make about investing in educa- its use. ed, well-trained work force that serves as a real the only option left is to slash budgets tion today will determine if those workers are “the exemptions are a joke,” wrote draw to businesses that recognize the value of even further. schools will be forced to lay off available tomorrow. Dino Spadaccini, of Spadaccini Main LLC. human capital. Even in the middle of a national more teachers and support staff. they will be In New Jersey, the public education “check “they are all the line items that put us in the recession, New Jersey is positioned to emerge forced to close more programs and activities, engine” light is on. the only question is, are we situation we are in.” that sentiment summed even stronger as the economy picks up and and parents can expect higher fees for sports going to ignore that warning today, only to pay up the thoughts of many of his colleagues. businesses again start looking for the best and and activities that somehow survive the bud- dearly for it in the future? u reader Hugh Devine, meanwhile, said brightest employees. get ax. worse yet, that process will be repeated ------------------------------------------------------ any exemption was a mistake. “as long as unless, of course, we decide to pull the every year the cap remains in place and the Barbara Keshishian is president of the New Jer- there is any exemption, we won’t ever see plug on the whole enterprise. It is hard to imag- state fails to fund its schools. sey Education Association. a 2 percent increase,” he wrote. “the politi- cians will always find a way to fit an increase above 2 percent into an exemption.” reader Max Delaunay also preferred Lower our taxes now effective answers. that’s a significant long-term Letters to the Editor the hard cap originally proposed by gov. commitment from government and the people,
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