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

Labor Day stems from deadly labor strike, but few Americans know the history

President Grover Cleveland

Labor Day stems from deadly labor strike, but few Americans know the historyA labor movement in Chicago in 1894 left 30 Pullman workers dead, and later spurred Congress and President Grover Cleveland to pass a bill creating Labor Day. But the history of this holiday is rarely taught in schools, and there are […]

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

The Key Players Leaving the NJ Legislature

 

A sea change in New Jersey politics is coming next year, not only because Gov. Chris Christie will be leaving office, but because many prominent voices in the Legislature will be gone or are shuffling into other positions.

A string of departures announced this year in the Assembly and Senate and the death of state Sen. […]

By |September 2nd, 2017|Trenton|0 Comments

Fixing New Jersey’s failing pension system is an economic necessity

Erica JedynakPublished 11:28 a.m. ET Aug. 22, 2017 | Updated 1:54 p.m. ET Aug. 22, 2017

New Jersey’s pension system is failing, and it is going to take a lot of good people down with it.

That sad fact adds a touch of poignancy – along with a dash of frustration – to the latest bad news […]

By |August 23rd, 2017|Bergen County|1 Comment

N.J. lottery-pension plan “slightly positive,” Wall Street ratings agency says

Dustin Racioppi, State House Bureau, @dracioppiPublished 3:29 p.m. ET Aug. 15, 2017 | Updated 5:32 p.m. ET Aug. 15, 2017

Gov. Chris Christie’s new law shifting lottery revenue from education and social-service programs to the troubled public employee pension funds is being viewed as a “slightly positive” move by a Wall Street ratings agency, but not […]

By |August 16th, 2017|Bergen County|0 Comments

Reader says too late for New Jersey to make business-friendly changes

Even if one were to wave a magic wand and make these business-friendly changes, it’s way too late. NJ is operating in a state of virtual bankruptcy and servicing its debt is beyond anything changes like these could address. The world is changing, and location is no longer an issue. Businesses can be anywhere now […]

By |August 14th, 2017|Trenton|1 Comment

STATE’S NEW WAYS TO PAY INTO PUBLIC-PENSION SYSTEM ‘HUGE STEP IN RIGHT DIRECTION

JOHN REITMEYER | JULY 28, 2017

Starting this month, New Jersey’s chronically underfunded public pensions are going to benefit from Lottery funds as well as from more regular payments by the state

The New Jersey public-employee pension system traditionally has received cash contributions from the state in one lump sum — and only if the annual budget […]

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