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How the lottery can help fix N.J.’s ailing pensions system

By Samantha Marcus | NJ Advance Media for NJ.com
on March 01, 2017 at 9:31 AM, updated March 01, 2017 at 4:31 PM

TRENTON — Gov. Chris Christie used his budget address Tuesday to take a final stab at saving government worker pensions, proposing to dedicate revenues from lottery ticket sales to the distressed fund.

Christie suggested the […]

By |March 2nd, 2017|NJ Pension Crisis|7 Comments

N.J. pension debt soared to $49B last year

N.J. pension crisis explained with popsicle sticks

Samantha Marcus | NJ Advance Media for NJ.comBy Samantha Marcus | NJ Advance Media for NJ.com
on February 28, 2017 at 7:30 AM, updated February 28, 2017 at 8:37 AM

TRENTON — New Jersey’s government worker pension funds lost a lot of ground last year, as the state’s pension debt rose […]

By |March 1st, 2017|NJ Pension Crisis|3 Comments

Pension fury: N.J. cops, firefighters just rose up against Christie

By Claude Brodesser-Akner | NJ Advance Media for NJ.com

on February 28, 2017 at 9:45 AM, updated February 28, 2017 at 10:46 AM

TRENTON — Furious after watching pension investment fees triple over the last three years even as their funds lost value, police and firefighter union leaders are seeking to wrest control of their underfunded pensions […]

By |March 1st, 2017|NJ Pension Crisis|2 Comments

N.J.’s top pensions adviser: 5 ways to cut property taxes

Updated February 27, 2017
Posted February 27, 2017

Property taxes in New Jersey are the highest in the nation. Since 2000, they have doubled and have risen at over twice the rate of inflation. No wonder people are forced to move; no wonder we have the highest foreclosure rate in the nation.

Property taxpayers suffer because raising this […]

By |February 28th, 2017|village of ridgewood|1 Comment

Gubernatorial candidate Joseph R. Rullo offers Fixes to New Jersey’s Pension Crisis

STATE OF NJ EMPLOYEE PENSION & BENEFITS
February 25,2017

the staff of the Ridgewood blog
Ridgewood Nj, Jersey Born and Bred Gubernatorial candidate Joseph R. Rullo has put together a few ideas to solve the state’s massive pension crisis. Most of the ideas are relatively painless for employees and taxpayers and unlike other grand schemes easily doable .
Rullo starts […]

By |February 25th, 2017|Bergen County|14 Comments

The New Jersey pension crisis | IN 60 SECONDS

February 15,2017

the staff of the Ridgewood blog

Ridgewood NJ, the New Jersey pension crisis in 60 seconds . Reader says ,” the unions rule NJ and the politicians are at their beck and call. They’re bankrupting the state and municipalities, and taxpayers get screwed at every turn. Benefits should be diminished big time, but the unions […]

By |February 15th, 2017|Bergen County|1 Comment

NJ Supreme Court Hands Teachers Union Huge Victory Denies Christie Request on Abbott Schools Ruling

February 1,2017

the staff of the Ridgewood blog

Newark NJ, in a statement from the Partnership for Educational Justice comments on the New Jersey Supreme Court’s denial of State motion to re-open Abbott v. Burke.

The New Jersey Supreme Court today denied the State’s September 2016 motion to re-open the decades-old school funding lawsuit, Abbott v. Burke. As […]

By |February 1st, 2017|Ridgewood Schools|2 Comments

Poor Children Deserve an Education too

 

January 17,2017

the staff of the Ridgewood blog

Ridgewood NJ, so who’s Afraid of Betsy DeVos? “Mrs. Devos’s Most Important Qualification is that She Has the Courage of Her Convictions”, in an editorial the Wall Street Journal attempts to answer the critics and make the case to provide poor children with better educational opportunities. We know the unions don’t […]

By |January 17th, 2017|Ridgewood Schools|1 Comment

3 Ways Politicians Play Politics With Public Employee Pensions

Rachel Greszler / December 21, 2016

State and local governments have promised an estimated $5.6 trillion in pension benefits that they cannot afford to pay. (Photo: iStock Photos)

COMMENTARY BY

Rachel Greszler

Rachel Greszler is a senior policy analyst in economics and entitlements at The Heritage Foundation’s Center for Data Analysis. Read her research.

Pensions are a huge part of […]

By |January 15th, 2017|Pension Crisis|2 Comments

New Jersey Ranked 43rd in, Best and Worst Run States in America Survey

43. New Jersey
Debt per capita: $7,378 (5th highest)
> 2015 Unemployment rate: 5.6% (tied-19th highest)
> Credit rating: A2/A-
> Poverty: 10.8% (8th lowest)
December 16,2016

the staff of the Ridgewood blog

Ridgewood NJ, New Jersey has among the smallest reserve funds of any state. According to analysis by the Pew Charitable Trusts, New Jersey would be able to operate just […]

By |December 16th, 2016|Trenton|0 Comments