Daily Archives: June 18, 2009

Quote of The Day

“When revenues fell, the last item we cut was property tax relief. Now that we have recovered some lost revenues, the first thing we will restore is property tax relief. This money belongs to the taxpayers, and we’re going to give it back to them in property tax relief.”

Governor Jon Corzine announcing the better than expected success of theTax Amnesty program. The additional revenues will now be used to off set property taxes

See the video anouncement below

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Filed under Gov. Jon Corzine, homestead rebates, New Jersey, tax amnesty

Video:Roberts, Watson Coleman & Greenwald on Better-Than-Expected Tax Amnesty Revenue Figures

In this video press release, Assembly Speaker Joseph J. Roberts, Jr. (D-Camden), Assembly Majority Leader Bonnie Watson Coleman (D-Mercer) and Assembly Budget Committee Chairman Louis D. Greenwald (D-Camden) discuss Governor Jon S. Corzine’s announcement that the state’s tax amnesty program has exceeded revenue projections.

According to numbers from the state Department of Treasury, the program has collected more than $600 million – $400 million over initial projections – and represents the largest single tax amnesty program executed by any state.

The Democratic leaders said they are committed to using the money for property tax relief.

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Filed under Governor Corzine, homestead rebates, New Jersey, NJ Assembly Dems, property taxes, tax amnesty, tax revenues

He’s "Lord Of The Flies"; Obama That Is

He’s a Harvard educated lawyer, leader of the free world and has the reflexes of a highly trained ninja. America’s enemies, beware.

During an interview with CNBC, President Barack Obama was forced to swat away a fly. The President was able to quickly kill the bug.
After killing the fly, the president said: “That was pretty impressive, wasn’t it? I got the sucker.” then continue with the interview.

Hat tip to The Daily Beast, The BBC and the Associated Press

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Filed under Associated Press, BBC, CNBC, fly swat, President Obama, the Daily Beast

What If Frank Pallone Had A Fundraiser And No One Showed Up?

That’s not exactly what happened but it seems that sometime last week, Congressman Frank Pallone had a fundraiser out on Sandy Hook. From what I was told it was a very nice little get together at the Crow’s Nest.
I wouldn’t know because no one from Middletown was asked to attend. I only found out about it because friends from Hazlet and Wall mentioned it to me.
Not only did he NOT invite anyone from Middeltown, he froze out Monmouth County Chairman Victor Scudiery who also knew nothing about the function.
Congressman Pallone, how can you have a political fundraiser in Middletown (yes, Sandy Hook is part of Middletown) and not inform the Municipal Chairman or the County Chairman that you are throwing such a shindig in their own backyard?
Irregardless of your personal feeling towards the two Chairmen, you still should have mentioned it to them, it wasn’t very classy Frank.

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Filed under Congressman Frank Pallone, fundraiser, Middletown, Sandy Hook, the Crow's Nest, Victor Scudiery

A Forensic Audit of The Books is Needed In Middletown

It is time for Middeltown to hire a non-partisan, outside accounting firm to do a complete and thorough forensic audit of the municipal budget.

Now I don’t know if this should be considered good news or bad news. I’ve been told by a person who works for the Township and wishes to remain anonymous because they are afraid of reprisal, that former township CFO Bob Roth, who has been temporarily retained by Middletown to take over for current CFO Richard Wright, who mysteriously had to take a leave of absence last month during a very critical time in the Township’s budget preparations, has miraculously found $2 million hidden within the townships books.

Richard Wright’s mystery illness has been speculated about for weeks now. People have questioned whether Wright is really sick or if he was fired by the township as incompetent for the way he handled himself during meetings and for the way he botched this year’s budget.

Wright had a problem with telling the truth when questioned in open meetings. He didn’t do a very good job deflecting probing questions from Patrick Short and Sean Brynes, the two Democrats that sit on the township committee as minority members, and this really frustrated and angered his Republican bosses. Wright had also been telling everyone that this year’s budget was right on schedule and with little surprises in store, a 9.2% tax increase to cover a $2.4 million shortfall which was proposed in April was expected.

However, early last month before the committee workshop meeting, Wright notified the Township Committee that he had screwed up and that over $2 million dollars was missing. It was after this revelation that Wright went missing and Patrick Short suggested retaining the services of former CFO Bob Roth.

Now what does all this mean? Quite frankly I am not sure as of yet because I have a few questions that I haven’t gotten answers to.

Does this mean that instead of the budget being short by more than $2.4 million it really isn’t? Does it mean that the proposed budget that was presented in April will not now need a 9.2% tax increase? And where did Bob Roth happen to find this hidden money, where did it come from?

It had been said of Roth, that it was no surprise that he found the missing fund because after all he was CFO for many years; he knows “were the bodies are buried”.

How much more money and missing funds can be discovered hidden with in the Township’s books? Could it be hundreds, thousands, or millions of dollars? Who knows, but it is time to find out!

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Filed under Bob Roth, Budget, forensic audit, Middletown, Middletown Township Committee, Richard Wright