Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
being from Nutley this really concerns my future of this town. Why wasn't the local and state government more involved with this?
You should be concerned that 9% of your tax base just up and left the town. I gotta imagine a big tax spike coming in the near future.
You should also be concerned that 72 homeowners in your town just lost good jobs and are going to have to compete with a ton of other people for jobs in an industry that is dying.
Hopefully something new will come in ASAP and pay people good salaries.
You should be concerned that 9% of your tax base just up and left the town. I gotta imagine a big tax spike coming in the near future.
You should also be concerned that 72 homeowners in your town just lost good jobs and are going to have to compete with a ton of other people for jobs in an industry that is dying.
Hopefully something new will come in ASAP and pay people good salaries.
Wal-Mart pays around $8/hour with crappy benefits.
Roche has been slowly closing down for the past twenty years. They once has 10,000 at that site. The state knew it was a matter of time. It has nothing to do with the tax rate. It's the nature of the industry.
You want to find a reason, go talk to the lawyers who file a class action suit every time one out of a million breaks out in a rash from a new drug. Roche hasn't had a big seller in years. Research has been held back by these suits so why do they need these facilities. Plus the mergers make all the facilities redundant.
Nutley isn't the only one taking a hit. A big part of that facility is in Clifton. If they didn't know about it, they would have to be idiots. It's been a long time coming.
Quote:
Why wasn't the local and state government more involved with this?
Guess he's too busy campaigning and appearing at his numerous town meetings calling everyone crude names to worry about it.
Roche has been slowly closing down for the past twenty years. They once has 10,000 at that site. The state knew it was a matter of time. It has nothing to do with the tax rate. It's the nature of the industry.
You want to find a reason, go talk to the lawyers who file a class action suit every time one out of a million breaks out in a rash from a new drug. Roche hasn't had a big seller in years. Research has been held back by these suits so why do they need these facilities. Plus the mergers make all the facilities redundant.
Nutley isn't the only one taking a hit. A big part of that facility is in Clifton. If they didn't know about it, they would have to be idiots. It's been a long time coming.
Guess he's too busy campaigning and appearing at his numerous town meetings calling everyone crude names to worry about it.
Right, it is the company downsizing and has nothing to do with corporate tax rates. Indiana lost many more Roche jobs than NJ is losing, and they probably have a lower tax rate than NJ.
Lots of closings going on that capuno restaurant and bencis on 3 closed, path mark and KFC on Washington ave closed. Not good.
Pathmark has been a disaster for years - the end result of taking on too much debt with junk bonds, making margins of less than 1% while paying 8% is a receipe for disaster. KFC? - so what, maybe folks are eating healthier, watching their cholesterol and blood pressure - you want KFC? there are many other towns around that have stores. Bensi's is an Italian chain, in a heavily populated Italian demographic that does most of their cooking and eating at home, when one cooks better than a chain, why would you bother going to eat substandard overpriced food?
Right, it is the company downsizing and has nothing to do with corporate tax rates. Indiana lost many more Roche jobs than NJ is losing, and they probably have a lower tax rate than NJ.
It's not that much cheaper in Indiana, those Roche jobs are good-paying high 5 figure and 6 figure jobs - a retail employer will not offer pay and benefits that even come close to it. This is a HUGE loss for the surrounding areas - the towns, county and state governments don't have a clue. Keep voting them in though, because cousin Tony works for the commissioner, so he must be good. Or, he's a 3 term former state assemblyman or 2 time town mayor - so they know how "to work the system". The only thing they know to work is how to get the most benefit for themselves. They view your pocket as their personal piggybank to pillage.
Last edited by FrmlyBklyn; 06-28-2012 at 07:54 AM..
will impact property taxes for single family homeowners?
Taxes will still be paid on the property. the impact will be 1000 less people using the surrounding businesses. But the days of Roche having the major impact is long gone. The peck of their operation was many years ago along with AT&T.
This isn't the first large company in the state to move.
So you don't necessarily think Roche's closing will indirectly increase property taxes for Nutley residents? I'm asking because I'm thinking about purchasing a home there.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The only thing they know to work is how to get the most benefit for themselves. They view your pocket as their personal piggybank to pillage.
