Category: Credit and Borrowing

‘American Dream’ mall finally opens. Sort of. And N.J. taxpayers invested over $1 billion.

EAST RUTHERFORD, N.J. – North Jersey politicians and Trenton elites led by Governor Phil Murphy are spending today and much of the weekend celebrating the soft opening of ‘American Dream,’ the decades-in-the-making Meadowlands mega mall. It’s been a financial boondoggle Read More

KABOOM: The Bond Bomb That Rocked Cherry Hill | CIRUCCI

By Dan Cirucci Posted with permission from The Dan Cirucci Blog — If you felt the earth move slightly in Cherry Hill Tuesday night it wasn’t the crush of holiday shoppers or a traffic calamity on Route 70 or even an Read More

Vote ‘No’ on N.J. Ballot Question #1, Trenton’s latest recklessly expensive abomination | Rooney

By Matt Rooney _ Study after study (most of which we share here at Save Jersey) confirm our state’s terrible fiscal condition, Save Jerseyans. It’s certainly not for lack of high-earners; on that front, we remain one of the wealthiest Read More

State’s Bonded Debt Soars to Nosebleed Heights: $46.1 Billion

The results of New Jersey’s latest big-picture fiscal checkup are in, and they reveal a state that continues to be saddled with a staggering amount debt – despite recent efforts to wind down Trenton’s time-worn borrowing habit. Click to expand/close Read More

Christie could slam Horizon credit rating with plan to grab cash, S&P says

TRENTON — Horizon Blue Cross Blue Shield of New Jersey’s “stable” credit outlook could be undermined by Gov. Chris Christie’s plan to force the insurance carrier to share its capital reserves, according to a new ratings agency report. Standard & Read More

S&P dumps on New Jersey’s credit rating (again)

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-.” Read More