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
“Lame duck” appointments aren’t unusual for departing governors even as his or her successor works through the transition phase, Save Jerseyans, but New Jersey’s branch of Communications Workers of America (AFL-CIO) is apparently determined to impede any Chris Christie holdouts from Read More
State lawmakers have resurrected controversial legislation that would allow some elected officials in New Jersey — like the well-connected outgoing mayor of Camden — to collect larger pensions. And it’s being fast-tracked in the state Legislature’s lame-duck session before a Read More
New Jersey doesn’t fare well in a new ranking of states’ fiscal health, but you probably guessed that. According to the analysis by the Pew Charitable Trusts, New Jersey is dead last when it comes to paying its annual bills. The Read More
With a new governor preparing to take office, Gov. Chris Christie‘s special commission on public pensions and health benefits on Wednesday issued its final, stern warning: only swift and broad reforms stand a chance of rescuing a system in crisis.
There was a bit of bright news Wednesday for New Jersey’s troubled public employee pension fund. State officials disclosed the fund held $76.3 billion in assets at the end of the October, its highest value in over two years.
