Any (relatively) unbiased sources that explain how NJ got into this predicament? Just current leadership being out of touch with the wants/needs of NJ citizens?
Many NJ residents work(ed) in NY. Of which, many are high earners who could be contributing significant amounts to the state tax rolls but NY claims income tax from anyone who commutes there. To make up the difference towns have to jack up property taxes. Things should hopefully change with remote work not happening in NY anymore.
https://www.truthinaccounting.org/library/doclib/FSOS-Bookle...
I do not see anyway out of repaying these debts from previous decades with higher taxes compared to other states.