New Jersey is verging on bankruptcy. Municipal staffs have been reduced to bare bones to adapt to the reduced state funding and mandated budget caps. Additional cuts to local state aid will tighten revenue streams. Municipalities will need to further reduce services, cut staff and hours of operation. They are resorting to borrowing to finance operating costs but the bond ratings of municipalities have been lowered creating increased costs for borrowing funds. The redundancy of municipal structures is costly and inefficient. The pension costs alone are growing exponentially. The results are a 700 percent property tax increase over the past 30 years. When will we be proactive about addressing the state and local distress? This model looks toward the future of New Jersey to create stronger, less redundant municipalities.