new jersey fiscal crisis

>N.J. Treasurer says low earners pay less than neighbors

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N.J. Treasurer says low earners pay less than neighbors New Jersey residents earning less than $150,000 pay lower income taxes than people in nearby states, including New York and Connecticut, while top earners pay a higher rate, Treasurer Andrew Sidamon-Eristoff said. The state’s revenue is [...]

>Passaic, N.J. Considers Charging For Emergency Calls

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Passaic, N.J. Considers Charging For Emergency CallsHow Does $1,000 For House Fires And $600 For Car Fires Grab You?March 30, 2012 5:00 PM ASSAIC, NJ (CBSNewYork) – When emergency crews respond to a car or building fire in Passaic, a bill might soon be sent out. When the Passaic City Council meets [...]

>Bergen County Executive Kathleen A. Donovan Vetoes NBCUA for Forcing County Taxpayers to Pay Twice

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Bergen County Executive Kathleen A. Donovan Vetoes NBCUA for Forcing County Taxpayers to Pay Twicethe staff of the ridgewood blogMarch 29,2012 (RIDGEWOOD-NJ ) Bergen County Executive Kathleen A. Donovan is announcing a veto of the minutes of the Board of the Northwest Bergen County Utilities [...]

>Christie Sells Out Taxpayers: budget would boost state spending by $2.1 billion

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Christie Sells Out Taxpayers:  budget would boost state spending by $2.1 billionSATURDAY, MARCH 10, 2012   BY JOHN REITMEYERSTATE HOUSE BUREAU Governor Christie wants to spend more now than when he first took office and started to cut state spending. Aid to public schools — a budget cut that drew [...]

>N.J. headed for government contraction, experts say

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N.J. headed for government contraction, experts say In many ways, the New Jersey residents now know will disappear within five years because of yawning government budget gaps, a panel of top experts said Friday. The bipartisan group of former officials and academics presented a dark view of the [...]

>N.J. towns turn to fees, staff cuts following loss of state aid, survey finds

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1 year ago
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N.J. towns turn to fees, staff cuts following loss of state aid, survey finds Faced with a loss of state aid and new limits on how much they can collect in property taxes, New Jersey towns are turning to other ways to make money — like fees on recreation, parking and garbage pickup — a survey has [...]

>N.J. bond debt rises 3.1 percent

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N.J. bond debt rises 3.1 percent New Jersey’s bonded debt, already the fourth-highest per capita in the nation, increased 3.1 percent to $38.1 billion in the fiscal year that ended in June, according to a state debt report released Friday. It was the slowest rate of increase in four [...]

>N.J. treasurer: $1.2 trillion in federal savings would not significantly hurt state budget

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N.J. treasurer: $1.2 trillion in federal savings would not significantly hurt state budget State Treasurer Andrew P. Sidamon-Eristoff said Wednesday the $1.2 trillion in federal spending cuts triggered by a congressional committee’s failure to reach a deficit reduction agreement would not [...]

>Christie accuses non-partisan office of putting out faulty revenue figures

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Christie accuses non-partisan office of putting out faulty revenue figures Governor Christie lashed out at the non-partisan Office of Legislative Services Monday, saying they owe him an “apology” for putting out inflated revenue projections to help Democrats score political points. “They are the [...]

>N.J. officials debate budget cuts as state revenue continues to fall short of projections

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1 year ago
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N.J. officials debate budget cuts as state revenue continues to fall short of projections New Jersey’s revenue collections continue to fall short of projections, but whether the decline is related to severe weather or a stormy economy – or combination of both – is still uncertain. But no matter [...]

>Strong outflows take toll on state pension fund

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Strong outflows take toll on state pension fund New Jersey’s pension fund for government workers might be compared with a boat where rowers strain their oars to advance against a roiling current. The pension fund, in total, gained a whopping 18 percent in its investments in the fiscal year that [...]

>Credit downgrade makes for pricey Collingswood bailout

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Credit downgrade makes for pricey Collingswood bailout The borough of Collingswood is betting a renter’s market will get it out of a hole dug by the flailing LumberYard condominiums project. Borough officials — including Mayor James Maley — lobbied Moody’s analysts Sept. 30 in Collingswood to [...]

>Steve Lonegan plays to a packed house in Wyckoff for his "Courts Gone Wild" tour

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Steve Lonegan plays to a packed house in Wyckoff  for his “Courts Gone Wild” tour the Staff of the Ridgewood blog (WYCKOFF- NJ) Tuesday, night at the Larkin House in front of an overflow crowd Steve Lonegen outlined his ambitious new initiative  to curtail New Jersey supreme Court over reach . [...]

>Fitch Downgrade Highlights Destructive Role of NJ’s Activist State Supreme Court

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Fitch Downgrade Highlights Destructive Role of NJ’s Activist State Supreme Court AFP As you know all too well, New Jersey has one of the worst tax climates in the entire country and a swelling debt of more than $45 BILLION. Our state’s dire fiscal condition was made all the more evident when credit [...]

>Citing debt and benefits, Fitch lowers bond rating for New Jersey

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Citing debt and benefits, Fitch lowers bond rating for New Jersey Despite its efforts to cut spending, New Jersey is a riskier investment, one of the leading ratings agencies said on Wednesday as it lowered the state’s credit rating, citing heavy debt and benefits obligations. Fitch Ratings [...]

>Failing Upwards : Jon Corzine rumored as possible replacement for Treasury Secretary Timothy Geithner

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1 year ago
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Failing Upwards : Jon Corzine rumored as possible replacement for Treasury Secretary Timothy Geithner As speculation about how long Timothy Geithner will remain as U.S. Treasury secretary simmered today, former Gov. Jon Corzine’s name began to bubble up as a possible replacement. Corzine, [...]

>Big shifts lie ahead for N.J. Medicaid

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Big shifts lie ahead for N.J. MedicaidSunday, July 17, 2011    Last updated: Sunday July 17, 2011, 9:52 AMBY LINDY WASHBURNSTAFF WRITERThe Record Elderly and disabled Medicaid patients and the people who care for them are facing some of the biggest changes in the history of the government insurance [...]
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