California Moves to Cut Pension Benefits

January 12,2018

the staff of the Ridgewood blog

Ridgewood NJ, watch out New Jersey you could be next , for decades in California, a sacrosanct rule has governed public employees’ pensions: benefits promised can never be taken away.

But now the California Supreme Court has threaten to reverse that premise and open the door to benefit cuts for […]

By |January 13th, 2018|Trenton|2 Comments

2% cap on Arbitration Awards set to Expire , Property Taxes set to Zoom

file photo by Boyd Loving

December 19,2017

the staff of the Ridgewood blog

Ridgewood NJ, The League, along with a coalition of local government groups have made clear to the Legislature the need to extend the cap on arbitration awards , The league called on local mayors , saying “We know that hundreds of municipalities have publicly called […]

By |December 19th, 2017|Bergen County|4 Comments

Reader says The iceberg has been spotted, NJ is closing in on it fast and they are running out of other people’s money.

Doing something “swift and broad” will be far harder in light of the coming mass exodus of big dollar taxpayers caused by the double whammy of Herr Trump’s corporate tax hand outs (paid for by blue state property tax payers) combined with Murph’s soak-the-successful tax plan. The iceberg has been spotted, NJ is closing in […]

By |December 8th, 2017|Trenton|0 Comments

“Only swift and Broad Reforms Stand a Chance of Rescuing a System in Crisis” in New Jersey

December 7,2017

the staff of the Ridgewood blog
Ridgewood NJ, Gov. Chris Christie’s special commission on public pensions and health benefits released its final report on Wednesday: only swift and broad reforms stand a chance of rescuing a system in crisis.

New Jersey’s benefits for state government workers are now on track to consume a quarter of the […]

By |December 7th, 2017|village of ridgewood|2 Comments

New Jersey’s public-pension system currently holds less than 38 percent of what the state owes its retirees

November 27,2017

the staff of the Ridgewood blog

Trenton NJ, according to Michael Lilley in the article New Jersey Public Unions, Ascendant https://www.city-journal.org/html/new-jersey-public-unions-ascendant-15568.html ,

“New Jersey’s public-pension system currently holds less than 38 percent of what the state owes its retirees, which amounts to a $135 billion shortfall. Adding to this unfunded liability, the state also owes retirees […]

By |November 27th, 2017|Trenton|0 Comments

Reader says government agencies can cheerfully raise taxes and tell the folks it’s for their own good

Executive Order No. 2017-01, officially making Bergen County the first county in the state of New Jersey to adopt a $15 minimum wage for its full time county worker

” most employers cannot simply raise prices to cover the higher minimum wage, particularly in the competitive services sector”. True. But government agencies can cheerfully raise taxes […]

By |November 24th, 2017|Bergen County|0 Comments

Again New Jersey Ranks Worst in Tax Climate for Business

file photo by Boyd Loving

October 30,2017

the staff of the Ridgewood blog

Ridgewood NJ, in the Tax Foundation’s annual comparison of state business climates New Jersey has once again ranked at the bottom of U.S. states  as it has since at least 2015.

While neighboring states  Delaware 15, Pennsylvania 26, Connecticut 44 , and New York 49.

The think […]

By |October 30th, 2017|Trenton|8 Comments

Bergen County made the American Cities Will File Bankruptcy Next list…………………

Which American Cities Will File Bankruptcy Next?

by Tyler Durden
Oct 6, 2017 3:50 AM

We harp on the massive, unsustainable, yet largely unnoticed, debt burdens of American cities, counties and states fairly regularly because, well, it’s a frightening issue if you spend just a little time to understand the math and ultimate consequences.  Here is some of […]

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

Supreme Court Agrees to Hear Case Against Compulsory Public-Sector Union Fees

 

SCOTUS will hear Janus v. American Federation of State, County, and Municipal Employees, Council 31 this term.

Damon Root|Sep. 28, 2017 10:55 am

Today the U.S. Supreme Court agreed to hear a case that has the potential of delivering a death blow to the legal privileges enjoyed by public-sector unions.

The case is Janus v. American Federation of […]

By |September 29th, 2017|Trenton|2 Comments

The Real Maguire – Who Actually Invented Labor Day?

The Real Maguire – Who Actually Invented Labor Day?While most sources, even the Department of Labor, credit Peter McGuire with the origination of Labor Day, recent evidence suggests that the true father of Labor Day may in fact be another famous union leader of the 19th Century, Matthew Maguire.According to legend, Peter McGuire stood before […]

By |September 4th, 2017|Bergen County|0 Comments