By David Matthau September 19, 2017 7:13 PM

Here’s a real shocker.

A new report gives New Jersey a grade of “F” for having the worst finances of any state in the nation.

According to Sheila Weinberg, the CEO of Truth in Accounting, a think tank that analyzes government financial reporting, New Jersey’s finances have been in a free-fall for the past three years.

“If you divide the amount of money needed to pay all of New Jersey’s outstanding bills by the number of state residents, each taxpayer’s burden is $67,200,” she said.

“This represents the amount that each taxpayer would have to send to the state capital just to bring the state’s finances back into a balance.”

She pointed out another way to look at it is this is the amount of money New Jerseyans will have to pay in the future in taxes, but they won’t receive any benefits or services.


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