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NJ LAWMAKERS WRANGLE OVER WHO DECIDES HOW TTF BILLIONS WILL BE SPENT

photo courtesy of the Ridgewood Police

JOHN REITMEYER | APRIL 13, 2017

Senate President rejects Republican senator’s claim that new commission could politicize how projects are selected

Senate President Stephen Sweeney speaks during a news conference in Linden yesterday to announce state funding for a long-planned road project.

After last year’s renewal of the Transportation Trust Fund, there’s now […]

By |April 14th, 2017|Bergen County|0 Comments

How N.J.’s public pension investments performed compared to U.S.

By Samantha Marcus | NJ Advance Media for NJ.com
on April 13, 2017 at 8:15 AM, updated April 13, 2017 at 8:51 AM

TRENTON — State-run government pension funds spent $10 billion on fees and performance bonuses in 2014 to private managers of their alternative investments, a strategy that has stirred controversy in New Jersey.

The report from […]

By |April 13th, 2017|NJ Pension Crisis|1 Comment

N.J. labor union president steps down pending probe into missing cash

By Susan K. Livio | NJ Advance Media for NJ.com
on April 07, 2017 at 6:08 PM, updated April 07, 2017 at 8:32 PM
CWA Local 1039 President Lionel Leach stepped down Thursday union officials pursue an internal investigation into possible missing funds. (CWA 1039)

TRENTON — The president of a local chapter of the Communications Workers of […]

By |April 8th, 2017|NJ Pension Crisis|1 Comment

N.J. failed to stop sick time payouts. Now we’re really paying for it | Editorial

Updated on April 3, 2017 at 7:08 AMPosted on April 3, 2017 at 6:30 AM

BY STAR-LEDGER EDITORIAL BOARD

[email protected]

Sick pay is for when you’re sick. If you’re not sick, and you don’t use it, you lose it.

This is the simple policy fix to one of New Jersey’s most maddening problems. Yet, again and again, we have […]

By |April 4th, 2017|Bergen County|3 Comments

Jersey lawmakers look to dig the $135B pension hole even deeper

By Post Editorial Board

April 2, 2017 | 7:32pm

Jersey lawmakers just don’t get it: The state’s massive pension-fund shortfalls last week prompted Moody’s to downgrade Trenton’s credit rating for the 11th time under Gov. Chris Christie, yet the Legislature wants to make the problems worse.

Moody’s cited New Jersey’s gargantuan, and growing, unfunded pension liabilities as key […]

By |April 3rd, 2017|NJ Pension Crisis|7 Comments

FINE PRINT: LONG-SOUGHT COMPROMISE WILL INCREASE NJ PROPERTY-TAX TRANSPARENCY

file photo by Boyd Loving

JOHN REITMEYER | MARCH 31, 2017

An investigation originally undertaken by NJ Spotlight pays off as new property tax data will be posted on state’s governmental services website

What is going on: High property taxes have long been a top complaint of New Jersey homeowners, and a new law enacted by Gov. Chris […]

By |March 31st, 2017|village of ridgewood|0 Comments

Ask Away: Why Are New Jersey Property Taxes So High?

3-30-17

By Michael Aron
Chief Political Correspondent

New Jersey is famous for saddling its homeowners with high tax bills. That prompted Paul Waters from Brigantine to ask, “Why are New Jersey property taxes some of the highest in the nation?”

There is not one answer.

Most obvious is that New Jersey has 565 municipalities, down from 567 — that’s 565 […]

By |March 31st, 2017|village of ridgewood|1 Comment

ACCUMULATED SICK-DAY PAYOUTS: ‘LOCAL’ PROBLEM HITS $2 BILLION AND COUNTING

COLLEEN O’DEA | MARCH 30, 2017

Pay for unused absences was capped at $15,000 in 2010, but public employees hired before that at school districts, towns, and counties across the state can still rack up six-figure payouts

Public workers in a majority of New Jersey’s municipalities, school districts, and all but two of its counties are due […]

By |March 30th, 2017|Bergen County|7 Comments

Election-cowed legislators rushing big payoff to public unions

The Legislature is expediting a bill that would give state police and fire unions the power to reward themselves and their members at the expense of municipalities and taxpayers. Such fast-tracking of a law without public comment is an almost infallible sign state Senate and Assembly members know they’re serving their own interests and not […]

By |March 26th, 2017|NJ Pension Crisis|3 Comments

NJ Governors beginning with Whitman stole the pension money to buy votes

March 26,2017

the staff of the Ridgewood blog with a little help from readers

Ridgewood NJ, The Status Report of the New Jersey Pension and Health Benefit Study Commission issued on September 25, 2014 all but said NJ Governors beginning with Whitman stole the pension money to buy votes with many pet projects with the following statements…..
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By |March 26th, 2017|NJ Pension Crisis|2 Comments