The Math Behind the Cost of Living Index (COLI #11)

By |2019-03-24T21:31:50+00:00March 23rd, 2019|Categories: Blog|

This article is taken directly from pages 3.3-3.5 of the 2018 COLI Manual. Why Are the Weights Identical Everywhere? In published Cost of Living Index reports, the numbers above the index data at the top of each column show the weight each component index carries in the Composite Index: 13.36% for grocery items, 28.64% for [...]

How C2ER Tracks Healthcare Costs (COLI series #10)

By |2019-03-23T17:37:11+00:00March 23rd, 2019|Categories: Blog|Tags: , , , |

The Mid-Level Executive Family we are Modeling includes a Diabetic A 5-pen pack of Name-Brand Insulin The healthcare component of the Cost of Living Index is 4.44% of the composite index.   Healthcare pricing includes five items: An optometrist visit - Eye exam should include eye examination, eyeglass prescription, glaucoma test and dilation [...]

Recording: 1Q Municipal Council Meeting discussion of Perceptions of Morris County

By |2019-03-23T18:44:31+00:00March 21st, 2019|Categories: Blog, Issue, Recorded Seminar|Tags: , |

We recorded the 1Q Municipal Council Meeting.  Topic: How Corporations and Site Selectors view MC and how we can influence perceptions.  Click on the link below, https://zoom.us/recording/share/UW27CzvcsL09-ngJXSZU4f679XpKfDkOJfSK-PuRei-wIumekTziMw Start Time : Mar 20, 2019 10:04 Min 0-30 Meghan Hunscher sets the stage for the presentation 0:30- 1:35 Presentation with Discussion Voices at Slide 5 Tom Bergeron [...]

NJ Monthly’s Top Restaurant in Morris County

By |2019-03-11T02:26:13+00:00March 20th, 2019|Categories: Blog|Tags: , , |

  NJ Monthly's Pick of Best Restaurants New Jersey Monthly's Dining Reviews Offer a Long List of Morris County Establishments The majority are in Morristown, but the western part of the county is also well represented.  Alice's overlooks Lake Hopatcong and across to Sussex County. Flanders has White Birch, which was listed in [...]

Quality of Life Index (COLI series #9)

By |2019-03-25T00:17:26+00:00March 18th, 2019|Categories: Blog|Tags: , , , |

Comparing Morristown to other NJ Areas where COLI is calculated. Cost of Living Index Series Monmouth University tracks the quality of life in NJ through polling data.  Five questions are posed: Overall opinion of the state as a place to live. Ratings of one's hometown. Performance of the local schools. The quality of the local [...]

Property Taxes in Morris County – the highs and lows

By |2019-03-25T23:47:36+00:00March 13th, 2019|Categories: Blog, Response to Click Bait|Tags: , |

Responding to Click-Bait Series The average property tax bill in 2017 (the last year for which we have data) is $10,262 in Morris County.  That is 4th from the top.  Essex County, at the top of the list and our next-door-neighbor, weighs in at $11,919.  (At the bottom of the list is Cumberland County with [...]

Living Wage in Morris County (COLI series #8)

By |2019-03-14T13:06:06+00:00March 12th, 2019|Categories: Blog|Tags: , , |

ALICE = Asset Limited, Income Constrained, Employed in Morris County Minimum Wage in Morris County vs. Living Wage Cost of Living Index Series Gov. Phil Murphy signed new a bill that to gradually raise New Jersey's minimum wage. The current $8.85 statewide minimum wage will increase to $10/hr on July 1, 2019; then [...]

Morris County Brewers make NJ Monthly’s “Best of” List

By |2019-03-11T17:02:10+00:00March 11th, 2019|Categories: Blog|Tags: , , , |

High Point Brewery in Butler and Twin Elephant in Chatham are highlighted in March 2019 issue of NJ Monthly Breweries and Distillery in Morris County NJ hosts 100 breweries, most of them located in the south of the state.  That said, Morris County has a vital craft brewing industry cluster. One brew pub.  [...]

NJ Population Centers in 12-years Time

By |2019-03-14T12:58:12+00:00March 9th, 2019|Categories: Blog|Tags: , , , , |

Sea level rise won't effect Morris County directly. Populations moving away from the coasts however, will bring both opportunity and resource stress. Climate scientists have given earthlings twelve (12) years to get ready for the dramatic effects of climate change.  Let's take a look at what that could mean, if true.   Here's where we [...]