AboutNewJersey.com Blog

It’s amazing - people get upset and say stop the exporting of America. The labor unions in particular are very supportive of this mantra. However, when it comes to our own state - everyone is silent. Of course most people don’t look at this particular issue as “Exporting of New Jersey”, but that is EXACTLY what it is and it has been going for at least a century and is only get worse.
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Well the legislature is considering severe cuts in the funding for NJ arts, history and tourism. Some people may on the face of it it say that these are frivolous expenditures anyway when we have so many other pressing issues in this state. The thing is - these investments, and yes they ARE investments, actually bring back more money than what is spent. The money is then used to fund the many things that new Jerseyans find so necessary. Without this money coming into the state from visitors, New Jerseyans would be paying $1500 more in taxes a year! For every dollar spend on promoting tourism, the state receives back $36. Now you tell me - what investment do you have in your stock portfolio, IRA, mutual fund - that has a $36 return on investment?
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