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Report: Solving NJ Pension Crisis Requires Tax Hikes, Benefit Cuts

By Christian Hetrick • 06/28/17 4:03pm

New Jersey’s next governor and Legislature must make cuts to retiree health care costs and raise several taxes to diffuse the “fiscal time bomb” created by inadequate payments to the public worker retirement system, according to a new policy report released Wednesday.

The report, “New Jersey’s Prosperity Depends on Immediate Fiscal […]

By |June 29th, 2017|Trenton|3 Comments

Looking for (Another) $1.1 Billion to Finish an Amusement Mall

By CHARLES V. BAGLIMAY 31, 2017

A $1.1 billion bond offering to help complete construction of the American Dream mall in the New Jersey Meadowlands went forward this week, nine months after the sale was originally planned.

In the story of the mall’s creation, the delay was a minor speed bump. Thirteen years after it was first […]

By |June 2nd, 2017|Bergen County|8 Comments

Judge: lawsuit over taxpayer-funded union jobs may proceed

Updated on May 29, 2017 at 1:53 PMPosted on May 29, 2017 at 11:02 AM

BY TERRENCE T. MCDONALD

The Jersey Journal

A lawsuit between a conservative group and the Jersey City teachers union will proceed after a judge denied the union’s bid to dismiss the suit on Friday.

The legal spat focuses on “release time,” a provision in […]

By |May 30th, 2017|Ridgewood Schools|0 Comments

New Jersey Teachers Facing Layoffs

May 10,2017
the staff of the Ridgewood blog

Ridgewood NJ, whats this New Jersey school districts laying off teachers ? Perhaps the day of reckoning may be coming .
Its started in 2015 with Paterson School district laying off people ,now this year both Lakewood and Bayonne . Wherev there is smoke there is fire ?

Bayonne school board […]

By |May 10th, 2017|Ridgewood Schools|8 Comments

Reader says Municipal Consolidation Will Never Happen

file photo by Boyd Loving

Good luck – this hurts union jobs and so those thugs and their toadies in Trenton will say anything and everything to oppose municipal consolidation. Home rule allows for about 70% more police than we actually need, etc. But the unions lackeys will lie till their Pinocchio noses reach Pennsylvania telling […]

By |May 6th, 2017|Bergen County|1 Comment

NEW JERSEY’S COURT SYSTEM CONTINUES TO DRIVE EDUCATION POLICY

JOHN MOONEY | MAY 4, 2017

Yesterday’s dismissal of the Newark ‘LIFO’ case and recent decisions continue to show how the court is a force in education in Garden State

Superior Court Judge Mary Jacobson.

For all the attention on the State House in driving education policy, New Jersey’s courts yesterday continued to show their long and storied […]

By |May 5th, 2017|Ridgewood Schools|0 Comments

Sweeney Pledges More Aid for “Underfunded NJ Schools”

By Salvador Rizzo • 05/02/17 12:47pm

Senate President Steve Sweeney drew a line in the sand over school funding on Tuesday, saying his house would only pass a budget that shifts state dollars to underfunded urban and suburban districts this year.

Gov. Chris Christie has drafted a $35.5 billion spending plan for fiscal 2018 — $13.8 billion […]

By |May 4th, 2017|Ridgewood Schools|0 Comments

Reader says ,NJ Pension Liabilities paying for the past and ignoring investment in the future

Paying for the past instead of investing for the future? Explains much of why NJ’s economy is in the toilet. Will.be an interesting test case on what to do as the state spirals down into oblivion. New legislation will be needed to resolve the liabilities, many of the needed federal & state laws haven’t been […]

By |April 28th, 2017|NJ Pension Crisis, Trenton|2 Comments

Reader talks NJ Pension Fix

…this has been a problem for almost 4 decades. I wish there was a magic solution. Sen Moynihan was trying to figure this out and commented how convoluted and arcane the process was. I would think holding our washington reps accountable and stop re-electing them unless they work to divert more money home would be […]

By |April 24th, 2017|NJ Pension Crisis|1 Comment

Another report shows N.J. has worst public pension debt in U.S.

By Samantha Marcus | NJ Advance Media for NJ.com
on April 20, 2017 at 6:14 PM, updated April 21, 2017 at 8:14 AM

TRENTON — Another study has found New Jersey’s public pension system is in the worst shape of any state in the nation.

The state’s pension woes helped boost how much money public pension systems across […]

By |April 21st, 2017|NJ Pension Crisis|27 Comments