MORRISTOWN, N.J. – The Murphy Administration released new jobs numbers this week and the news is bleak. In September 2019, the state experienced a net job loss of 200 positions. Meanwhile, the overall U.S. economy added 135,000 new jobs in Read More
TRENTON, N.J. – Moody’s issued a stark warning on Monday evening about the scope of New Jersey’s public debt/pension crisis, one which has earned its pension system the dubious distinct of being among the nation’s least stable. By 2023? 26% Read More
TRENTON, N.J. – It may seem like a small issue in light of the New Jersey pension system’s massive problems, but one legislator finds it galling that a public employee convicted of domestic violence does not automatically forfeit his or Read More
TRENTON, N.J. – New Jersey’s basket case of a pension system is in bad enough shape without help from the Murphy Administration. This week, we found out that the system returned just 6.27% rather than the 7.5% projected as of Read More
By The Staff _ Robert Pozen of MIT recently wrote an op-ed for Market Watch which is worth a read, Save Jerseyans. Click here for the full op-ed. _
TRENTON, N.J. — Governor Phil Murphy and the public sector unions were crowing a bit on Monday after announcing modest reforms to the public employee health care system, changes expected to generate somewhere around $500 million in savings over two Read More
Assemblyman Declan O’Scanlon (R-13), who’s about to become state Senator O’Scanlon (he was elected to replace the retiring Joe Kyrillos), took to the Assembly floor on Monday night as the final legislative session before Trenton’s biannual turnover to deliver a final Read More
Gov. Chris Christie isn’t due to leave office for another two weeks, but Democratic legislative leaders have already let one of his key property-tax reforms fall by the wayside. By not taking action before the start of the new year, Read More
Counties and municipalities will feel a budget crunch if the state Legislature doesn’t renew a 2 percent cap on the salaries police and firefighters can win through arbitration, a Wall Street Rating agency warned Wednesday. Echoing local government officials who’ve Read More
