The applicable question might not be who will be our next governor but, rather, who would want to be New Jersey’s successor to Chris Christie?
This week, S&P announced that it’s downgrading New Jersey’s credit rating from “A” to “A-.”
It’s the 10th credit rating downgrade since January 2010.
S&P’s slam comes two weeks after a Bloomberg report ranking New Jersey’s pension system as the country’s “worst-off,” surpassing Illinois, and one month after Governor Christie signed a massive gas tax increase featuring an estate tax phase-out but unaccompanied by cost-controlling measures.
New Jersey voters will select a new governor in November 2017.
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