Tag: moody’s

New Jersey 2023: Legacy costs, debt service will eat 26% of state revenues

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

O’Scanlon: New credit rating hit is “legislature’s failure”

By Matt Rooney | The Save Jersey Blog Citing a “lack of improvement in the state’s weak financial position,” Save Jerseyans, Moody’s Investors Service has once again downgraded our state’s bond rating, this time from A1 to A2. Assembly Republican Budget Officer Declan Read More