The Swamps of Jersey

More on the corrupt state of New Jersey.John Fund reminds us that some in New Jersey are angry:

over the state's highest-in-the country property taxes. Already 50% higher than the national average, they are going up 7% a year to keep pace with constantly growing local budgets and a state debt burden that is the third-highest in the country. An activist state Supreme Court has taken over distribution of a large chunk of property taxes and directed 60% of it to failing urban school districts. But none of that extra money appears to be improving education.

Seems like a pattern in these high tax states.Do you want to hold long-term municipal bonds of the state of New Jersey?OpinionJournal