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New Jersey Financial Literacy Education Bill Signed?

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the staff of the Ridgewood blog

Jersey City NJ, does anyone find the humor in the very idea that the financial illiterates in Trenton have signed a bill requiring “financial literacy” to be taught in schools?

Perhaps it should be a required coarse for the Governor and the state assembly . Dare we even go so far as to say even ex-governors should be forced to take the starting with former governor Whitman.

Acting Governor Sheila Oliver signed legislation (A-1414) requiring school districts to provide financial literacy education to middle school students in grades six through eight. The financial literacy instruction will emphasize budgeting, saving, credit, debt, insurance, investment, and other issues associated with personal financial responsibility to ensure New Jersey’s youth have access to the tools and foundation needed for sound financial decision-making.

“Financial responsibility is an important acquired and learned life skill and with the increasing financial challenges millennials face, it is a skill that must be a necessary part of our educational curriculum,” said Acting Governor Sheila Oliver. “Governor Murphy and I are happy to partner with the Legislature by signing this bill today to help New Jersey students learn how to effectively manage their personal finances and help set them up for success in life.”

Primary sponsors of the bill include Senators Dawn Marie Addiego and Ron Rice; and Assemblymembers Angela McKnight, Nicholas Chiaravalloti, Eliana Pintor Marin, Jamel Holley, Benjie Wimberly, and Annette Quijano.

“I am delighted the financial literacy bill was signed into law, so students can receive education on key topics that they will need for the rest of their lives,” said Senator Addiego. “We must reach people early on in life so they can plan ahead and build a foundation of financial knowledge that will help them live an independent lifestyle.”

“One of the most important lessons a person can learn is how to manage their money. Many young people go into adulthood knowing little about finances, and end up making decisions that cost them in the long run,” said Assemblywoman McKnight. “Teaching our kids early about the importance of managing their money and making sound financial decisions can prevent them from making costly mistakes and set them on the right financial path.”

“This bill would allow financial education to be infused into currents subjects, helping younger students in Jersey City and across the state get a head start on understanding the very things that will impact them every day,” said Jersey City Mayor Steven M. Fulop. “Learning about credit, investing, savings and other financial aspects are critical tools to building a foundation and setting our students up to succeed. Financial literacy is already being taught at the high school level, and we’re excited to expand this to younger students at the start of the new school year in September.”

Acting Governor Oliver signed the bill at President Barack Obama Elementary School – PS 34 in Jersey City.

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Conagra Brands Moves Jobs Out of New Jersey

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the staff of the Ridgewood blog

Parsippany NJ, Conagra Brands, the food giant that purchased Parsippany-based Pinnacle Foods for nearly $11 billion in October, is the second company in as many weeks looking for greener pastures . The company is closing a pair of Pinnacle facilities, according to a federal WARN notice — potentially costing 500 people their jobs.

Conagra, Chicago-based maker of products such as Healthy Choice and Orville Redenbacher’s, said in two separate notifications that it is closing office facilities at 399 Jefferson Road in Parsippany and 121 Woodcrest Road in Cherry Hill. The Parsippany property had served as headquarters for Pinnacle, maker of brands such as Duncan Hines, Vlasic and Birds Eye.

WARN Notice :  offers protection to workers, their families and communities by requiring employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs. This notice must be provided to either affected workers or their representatives (e.g., a labor union); to the State dislocated worker unit; and to the appropriate unit of local government.

Conagra Brands, Inc.  Parsippany  Date 03/22/2019   layoffs 308
Conagra Brands, Inc.  Cherry Hill  Date 05/24/2019    layoffs 196

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Murphy Plays the Fool on Brennan Rape Testimony

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the staff of the Ridgewood blog

Trenton N J, Governor Phil Murphy continues to play , “I knew nothing card”  as to why he hired an accused rapists ? The Murphy Administration has been rocked by a series of high profile blinders hiring career criminals to the ethically challenged.

The New Jersey Select Oversight Committee kicked off its investigation into the Murphy administration’s hiring practices with the testimony of Kate Brennan .

Brennan in chronological order related what did – and did not – happen after she said she was raped by Al Alvarez in Jersey City in the early morning hours of April 8, 2017. Both had been involved with what was then Murphy’s election campaign for governor.

Continue reading Murphy Plays the Fool on Brennan Rape Testimony

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Reader says It is The Garden State no more

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I grew up in Ridgewood during the 40s, 50s, and early 60s. Ridgewood is an entirely different town now. I feel sad about the changes. When my generation passes on, no one will be left who remembers what it was like. Some of the comments replying to this post clearly reflect what Ridgewood has become.
I think that entire part of the country has been ruined both by developers and by the ever expanding levels of government required to manage the tangled mess they create and leave behind.. There is no going back to the standards and values of a bygone era. My Dad used to say we lived there at the last good time. From what I have seen firsthand and from what I have read on this blog, I think he was right.
Those who can do so are leaving New Jersey; it is not hard to see why. It is The Garden State no more.

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Reader says NJ Politicians should Stop Yelling about Trump and Clean their Own House

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New Jersey State Assembly and Senate has been controlled by the Democrats for decades. Never mind who is the Governor, there lies the root of all of the state’s problems. All of the political payback to supporters has left New Jersey in this condition. So clean your own house Congressman Pascrell.

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Trenton Continues to Drive Residents From the State

titanic_theridgewoodblog

July 7,2018

the staff of the Ridgewood blog

Trenton NJ, around two years ago, New Jersey’s richest resident , hedge fund billionaire David Tepper decided to move himself and his business to Miami Beach. Tepper, who personally earned more than $6 billion from 2012-2015, was tired of paying New Jersey’s top income-tax rate of 8.97% for the 20 years he lived there, in addition to the country’s highest property taxes, the estate tax and inheritance tax. By moving to Florida, a state with ZERO income tax, Tepper stood to save hundreds of millions of dollars each year. Tepper’s departure left an enormous hole in the New Jersey budget .

Anyone with an ounce of common sense would have at least acknowledged the possibility that a guy like Tepper would consider moving to save a few hundred million dollars , anyone that is except ,”stuck on stupid ” Trenton .

Tepper is not the only one to leave , according to the New Jersey Business and Industry Association, the State of New Jersey lost a whopping 2 million residents between 2005 and 2014, earning a combined $18 billion in net adjusted gross income, i.e. income that would have been taxed by the state.

With those out flow numbers Its not just the masters of the universe that are tired of paying sky-high taxes. It’s also the regular wage earner and small business owners. A whopping 60% of these folks went to Florida, with a state income tax of zero.

So the message from New Jersey’s residents (well, now former residents) is loud and clear: taxes are too high!

Now, what do you think New Jersey is doing to solve this problem?

New Jersey residents elected a governor that promised to raise their taxes, so instead of making the state friendlier to productive people and businesses , New Jersey has embarked on a program of driving out tax payers and replacing them with tax takers .

New Jersey now taxes residents making more than $5 million will now pay 10.75%, up from 8.97%.The corporate rate on businesses with more than $1 million in net income was also increased from 9% to 11.5% (Proportionally, that’s a potentially 27% increase in the amount of tax a business might pay).

This will simply exacerbate the problem even more ,chasing more businesses and people out of the state .

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New Jersey lost $18 billion in net income over nine years thanks to a net outmigration of 2 million residents.

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file photo by Boyd Loving

July 3,2018

the staff of the Ridgewood blog

Wyckoff NJ, Assemblyman Kevin J. Rooney R- 40  comments on the latest tax increase from Trenton .
Rooney said last Thursday during the state budget battle ,”People moving out of New Jersey are having a significant economic impact, according to a report released by NJBIA. Outmigration by the Numbers: How Do We Stop the Exodus? Concludes that New Jersey lost $18 billion in net income over nine years thanks to a net outmigration of 2 million residents.
The exodus leads to $8.4 billion in lost household spending; $11.4 billion in lost economic output; 75,000 lost jobs and $4 billion in total lost labor income.
This year Democrats are fighting with Democrat Governor Phil Murphy over two spending plans: their plan to spend $36.5 billion and Murphy’s plan of $37.4 billion. Except this time it is over which taxes to hike to fund their irresponsible spending increase. When will New Jersey Democrats stop the insanity?”

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Trenton Declares War on Business and Jobs

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June 22,2018

the staff of the Ridgewood blog

Trenton NJ, Following failed talks with Governor Phil Murphy, the state Senate this evening proceeded with passage of its own $36.5 billion budget as an alternative to Murphy’s version. The cornerstone of the budget would be a hike in corporate taxes .

The budget passed 21-17.Republican Senators Kristin Corrado and Kip Bateman voted yes on the budget and Democratic Senators Dick Codey, Nick Sacco, Nia Gill and Ronald Rice opposed it.

Assemblywomen Holly Schepisi summed it all up for New Jersey ,”Tonight the NJ Legislature passed a bill which increases our corporate business taxes to the highest in the nation. Here is a floor speech I gave highlighting some of the reasons I voted no. Representing a district that has recently lost Sony, Hertz and Mercedes, among other corporations, to more business friendly states I could not in good conscience vote to further eliminate our ability to compete.”

“This budget at the end of the day does nothing to make New Jersey more affordable,” said Senate Republican Leader Tom Kean, Jr. (R-21).

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New Jersey is one of the most unappreciated states in the whole United States

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photo by ArtChick

June 17,2018

the staff of the Ridgewood blog

Ridgewood NJ, New Jersey is one of the most unappreciated states in the whole United States. People who live in New Jersey are proud of their state. What makes New Jersey ,is truly a riddle. Everything bad that is usually said about New Jersey can be blamed on New York City in the north and Philadelphia in the South .

New York city one of the world’s greatest and biggest cities full of energy and drive and a huge international destination for business and tourism . Philadelphia is a city of great historical importance ,central to the founding the United States.

New Jersey with its sprawling suburbs is often viewed as a bed room community for New York City and Philadelphia . Where many commuters head to the cities for work and retire to the quite low crime suburbs at night.

New Jersey is officially called the garden state. New Jersey’s biggest city is Newark. The capital city is Trenton. There are many attractions to see in New Jersey. The Paterson Falls and historic district, the Ironbound Section of Newark ,the Jersey Shore , gambling in Atlantic City, Historic Cape May, Six Flags Great Adventure ,Met Life Stadium , Thoroughbred Racing at Monmouth Park , the Pine Barons and there are also many far more rural and farm like settings to visit .

There is easy access to both New York and Philadelphia via Mass Transit . You can even visit the statue of Liberty and Ellis Island via ferry from Jersey City. There can be heavy traffic for drivers but you never have to pump your own gas.

Another reason to visit New Jersey is its beautiful and plentiful beaches . In New Jersey the beach is called “the shore” . People from New York and Philadelphia come to New Jersey for a swim , enjoy and sunbath.

Coastal Living magazine ranks the best small waterfront communities for its annual “Happiest Seaside Town in America” issue, and for 2018, the happiest of them all is Ocean City, N.J. In the report Coastal Living calls out the classic Jersey Shore town for its “Residential Historic District full of Victorian bungalows and beach cottages making year-round life feel like an old-fashioned vacation.”

The biggest museum in New Jersey is the Newark Museum. It has a large collection of American and, surprisingly, Tibetan art. The Newark museum is a cultural cornerstone of New Jersey. It has different sections devoted to history, natural sciences, art, music, etc. It doesn’t have so many rarities like the museums in New York but it definitely has its own heart.

In New Jersey they debate “Taylor Ham” vs “Pork Roll “, the pizza is excellent and good food is plentiful . The State is filled with shopping malls and an American classic , “Diners” stand at every cross road.

Don’t hesitate to visit New Jersey with your girlfriend(which you can find on https://mariadating.com) . There are many benefits waiting for you that you can enjoy visiting the garden state as well as easy access to both Philadelphia and New York City.

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Reader says Perfect – just operate that way all the time and we have a chance!

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“To facilitate this review, the Governor directs each of you to submit updated plans describing the essential activities of
your department, meaning those necessary to maintain the health,safety, and welfare of the citizens of the State, and to prevent
the damage, loss, or destruction of property, if any. As you know, these activities should be limited and directly related to the
preservation and protection of life, safety and property; the care of those in State facilities, hospitals, centers, and homes; child
welfare; disease prevention and control; emergency and disaster response activities; transportation safety; the preparation and
adoption of the State Budget; and similar activities.”