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Yogi Berra World Series rings, MVP plaques stolen

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Yogi Berra World Series rings, MVP plaques stolen

October 9, 2014, 6:30 PM    Last updated: Thursday, October 9, 2014, 8:15 PM
By MARINA VILLANEUVE
special to the record
The Record

Several World Series rings and two American League MVP plaques belonging to baseball legend Yogi Berra were stolen from the museum that carries his name in a heist that could be worth near $1 million.

The prized possessions of one of baseball’s greatest catchers were stolen early Wednesday morning when a group of thieves broke into Yogi Berra Stadium in Little Falls to burglarize the museum at Montclair State University that houses some of Berra’s most prized possessions.

New York Yankees Catcher Yogi Berra Holding a Baseball

No other items appeared to be stolen, said Montclair State Police Department Chief Paul Cell, whose department is leading an investigation now assisted by the county police and the FBI’s unit in Newark.

The plaques could be worth up to $350,000 a piece, according to Keith Vari of Paragon Auctions in Woodbridge. The value of the rings from his playing days might range from $80,000 to $100,000, while those from 1977 to 1978 may be worth $40,000.

The items are so iconic it’s likely impossible someone could pawn them – especially without a letter of authenticity. Still, area pawnshops are aware of the break-in, and Essex County has offered a $15,000 reward – up from $5,000 Wednesday after receiving anonymous donations – for any information about the theft that could lead to an arrest.

– See more at: https://www.northjersey.com/sports/yogi-berra-world-series-rings-mvp-plaques-stolen-1.1106368#sthash.CPw0S2Uq.dpuf

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Newark-based Star-Ledger newspaper cutting 167 jobs

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photo by Boyd Loving

Newark-based Star-Ledger newspaper cutting 167 jobs

 

The Star-Ledger’s announcement of 167 job cuts — among 306 layoffs made by owner Advance Publications Inc. Thursday — reflect long-running troubles at the state’s largest newspaper, which has felt the impact of a nationwide drop in newspaper readership and advertising revenue.

 

Thursday’s cuts are the latest in a series of layoffs and buyouts since 2008 at the Newark paper, a New Jersey institution that has won three Pulitzer Prizes but lost millions of dollars in recent years. The cuts include 40 jobs in the newsroom, which is not unionized, bringing it to a staff of about 116, down from a high of 350 before the first buyout in 2008.

 

In addition to the Star-Ledger cuts, 124 full and part-time jobs were eliminated at other daily and weekly papers owned by Advance Publications Inc., in New Jersey and Pennsylvania, and 15 at the company’s web site, NJ.com.

 

The layoffs are part of a plan announced last week by Advance to create a new company, NJ Advance Media, based in Woodbridge, to provide advertising, marketing and news content to The Star-Ledger, the three other daily papers in New Jersey and Pennsylvania, and NJ.com. The company plans to focus on efforts to grow its digital operations.

 

Star-Ledger employees were called in Thursday for one-on-one meetings, where they were either told they were being let go or offered a job with the new company. The new jobs, in some cases, carried salaries more than 5 percent lower, along with reduced benefits, according to employees who asked not to be identified. According to the newspaper, the cuts included the entire full-time business staff and positions in sports, features, photos and news. (Lynn/The Record)

https://www.northjersey.com/news/newark-based-star-ledger-newspaper-cutting-167-jobs-1.841027#sthash.hQygskuL.dpuf

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Killer blames mental illness for parents’ murders in Ho-Ho-Kus, says he’s ready for freedom after 30 years in prison

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New Jersey State Department of Corrections

Killer blames mental illness for parents’ murders in Ho-Ho-Kus, says he’s ready for freedom after 30 years in prison

SATURDAY MARCH 8, 2014, 11:51 PM
BY  ABBOTT KOLOFF
STAFF WRITER
THE RECORD

Richard Spillane, bald and gaunt after almost 30 years in state prison, says the mental illness that led him to murder his parents in the family’s Ho-Ho-Kus home has been under control for years. He takes anti-psychotic medication, he says, and no longer hears the voices he believed were sent into his brain by CIA computers.

Soon, he expects to go before the state parole board for the first time to argue that he is ready to be a free man.

During a recent interview at East Jersey State Prison in the Avenel section of Woodbridge, the 52-year-old Spillane said he has worked hard to prepare for possible release this spring, learning computer programming and studying law in the prison library. Yes, some family members have said they are afraid of him and have been dreading his parole eligibility for 30 years. But Spillane, his voice soft but intent, said he’s no longer dangerous after years of medication and self-examination

– See more at: https://www.northjersey.com/ho-ho-kus/Killer_blames_mental_illness_for_parents_murders_in_Ho-Ho-Kus_says_hes_ready_for_freedom_after_30_years_in_prison.html#sthash.wOK3qeGX.dpuf

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Turning Around the NJ Economy

Help_Wanted_sign_theridgewoodblog.net

Turning Around the NJ Economy

With business leaders across the Garden State expressing optimism about expansion and higher profits next year, Jersey lawmakers are discussing how best to keep the positive momentum moving forward.

During a New Jersey Business and Industry Association Public Policy forum in Woodbridge, Assembly Republican Leader Jon Bramnick said it’s important to remember that if we don’t get government out of the way and put business in a position where they can do business, we’re not going to have better jobs.

“We’re not going to have more jobs. I believe that if we let the private sector do their thing, jobs will be created,” Bramnick said.

Democratic State Senate Budget Committee boss Paul Sarlo disagreed.

“I’m proud of the bipartisan incentive bills passed by the legislature that focus on job creation and giving companies incentives to come to the Garden State,” he said. “But now we have to focus in on creating more jobs, continue to create more jobs, and not over-rely on property taxes

Assembly Speaker-elect Vinnie Prieto said optimism is great but you also have to build a strong foundation to be able to build that building.

“I come from the building trades,” he said. (Matthau/NJ101.5)

https://nj1015.com/turning-around-the-nj-economy-audio/ 

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Christie signs bill to nix unemployment tax surcharge

chris_christie-theridgewoodblog.net

Christie signs bill to nix unemployment tax surcharge
By Jared Kaltwasser

The start of the new fiscal year won’t bring a new unemployment tax surcharge for employers.

Gov. Chris Christie made sure of that Friday, when he signed a bill postponing the 10 percent surcharge. The move will save employers about $300 million in the 2014 fiscal year.

The measure had bipartisan support, and was a top priority for many business groups, who said companies would have difficulty withstanding the surcharge at a time of recovery, both from the economic recession and Hurricane Sandy.

Assemblyman Craig J. Coughlin (D-Woodbridge) said New Jersey is still in a “fragile position,” with high unemployment and slower economic growth than its neighbors and much of the nation.

“The last thing our businesses need is an additional tax hit,” he said. “This is the responsible thing to do to ensure our businesses can continue focusing on job creation and economic development.”

https://www.njbiz.com/article/20130701/NJBIZ01/130709981/Christie-signs-bill-to-nix-unemployment-tax-surcharge?utm_source=Sailthru&utm_medium=email&utm_term=Wake%20Up%20Call%20NJ&utm_campaign=Wake%20Up%20Call

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Red light cameras suit settlement announced

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www.streetsblog.org

Red light cameras suit settlement announced
March 14, 2013
the staff of the Ridgewood blog

Ridgewood NJ, News 12 is reporting that a preliminary settlement was filed yesterday in a lawsuit that claims the lights didn’t give drivers ample time to hit the brakes.

Under the terms of the settlement, Arizona-based American Traffic Solutions would set up a $4.2 million fund to pay plaintiffs. The company isn’t admitting any wrongdoing or liability giving drivers ticketed by New Jersey’s red-light cameras last year one step  closer to getting some of their money back.

The suite involved the following towns ; Brick, Deptford, East Brunswick, East Windsor, Jersey City, Lawrence, Linden, Glassboro, Gloucester Township, Monroe, Palisades Park, Piscataway, Pohatcong, Rahway, Roselle Park, Union, Wayne and Woodbridge.

Those ticketed before August 2012 in any of the 18 towns involved in the suite and paid the $85 fine would be eligible to receive money back.

Esurance

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Few DWI charges over New Year’s, North Jersey police say

DUI_theridgewoodblog.net

Photo by Boyd Loving

Few DWI charges over New Year’s, North Jersey police say
Tuesday, January 1, 2013 Last updated: Tuesday January 1, 2013, 9:44 PM
BY MONSY ALVARADO
STAFF WRITER
The Record

North Jersey law enforcement rang in the New Year with just a few motorists in custody on charges of driving while intoxicated.

Most police departments in Bergen and Passaic counties reported no DWI arrests Tuesday.

The Palisades Interstate Parkway Police arrested a juvenile on drunken driving charges, Garfield and Saddle Brook also logged one arrest each, while Fair Lawn officers took two drivers into custody overnight.

“It’s hard to really say why,” said Garfield Lt. Tim Brutosky, referring to the low number of arrests in town. “People are having parties all over the place, I guess it’s a matter of fate. We are out there patrolling, but I guess everyone was lucky last night.”

Troopers from the state police barracks in Bloomfield, who patrol the Garden State Parkway from Woodbridge to Montvale, arrested three people on DWI charges during the night, said Trooper Ian Rosenberg.

Sgt. Adam Grossman, public information officer for the New Jersey State Police, said statewide figures on DWI arrests wouldn’t be tallied until after 6 a.m. today, the end of the holiday period. But he said more troopers were patrolling the highways and were on the lookout for drivers who may have been driving drunk.

https://www.northjersey.com/news/Few_DWI_charges_over_New_Years_North_Jersey_police_say.html

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NJT: Thanksgiving Holiday Service Information

Ridgewood Train Statin theridgewoodblog.net 1

NJT: Thanksgiving Holiday Service Information

As NJ TRANSIT continues its storm-recovery efforts in the wake of Hurricane Sandy, the agency will offer nearly normal Thanksgiving service levels on most lines to ensure customers’ travel plans go smoothly over the holiday weekend.

NJ TRANSIT is reminding customers that rail service may be subject to delays and cancellations as a result of ongoing storm recovery efforts.  Due to residual storm impacts, Gladstone Branch rail service remains suspended until further notice, and Newark Light Rail will continue to operate on a modified schedule between Newark Penn and Broad Street stations (service every half hour).  In addition, North Jersey Coast Line service will experience delays of up to 15 minutes between Long Branch and Woodbridge stations over the holiday weekend.  Most inbound (to Newark/New York) North Jersey Coast Line trains will depart stations five minutes earlier between Long Branch and Woodbridge.  For post-hurricane service updates, click here.

On Wednesday, November 21, trains will operate on a modified weekday schedule on all lines (except Gladstone Branch, which remains suspended until further notice).  Click here for detailed schedules.  Additional “early getaway” service will operate from New York Penn Station, Newark Penn Station and Hoboken Terminal starting at 1 p.m. on the Northeast Corridor, North Jersey Coast (to Long Branch only), Raritan Valley, Morris & Essex (from New York only), Pascack Valley (modified getaway service) and Port Jervis lines.

Light rail service will operate as follows:

Hudson-Bergen Light Rail will operate on a weekday schedule
River Line will operate on a weekday schedule.
Newark Light Rail continues to operate on a modified schedule, with limited service between Newark Penn Station and Grove St. Station operating every 10-15 minutes, due to residual impacts from Hurricane Sandy.  Limited peak period service is operating between Newark Penn and Broad St. Station.

Bus Service:

Schedules vary by route—view holiday schedule information here.  Selected routes will operate on special holiday schedules to match service with ridership demand, including early getaway service from the Port Authority Bus Terminal between noon and 4 p.m. to accommodate the heaviest travel, with less frequent service during the peak periods and later in the evening due to lower ridership.

Emergency trans-Hudson shuttle bus/ferry service

On Wednesday, November 21, the following emergency shuttle bus/ferry service routes will provide early getaway service:

To PNC Arts Center (Holmdel, Garden State Parkway Exit 116):  Early getaway service from Port Authority Bus Terminal and Newark Penn Station will start at 1:30 p.m.  Service will operate on a load and go basis until 8 p.m.
To Ramsey/Rt. 17 Station (Ramsey):  Shuttle bus service from Port Imperial Ferry Terminal in Weehawken will start at 12 p.m. and operate every 30 minutes until 8 p.m.
To Hoboken Terminal:  Ferry service from Pier 79 (West 39th St. in Midtown Manhattan) will operate from 6 a.m. to 10 a.m., and from 2 p.m. until 8 p.m. Service from 2 p.m. to 4 p.m. will operate every 30 minutes to accommodate the busiest travel period.
To Liberty State Park:  Ferry service from Battery Park (Lower Manhattan) will operate every 10 minutes from 6 a.m. to 10 a.m., every 20 minutes from 10 a.m. to 12 p.m., and every 10 minutes from 12 p.m. to 8 p.m.
To Summit Station:  Shuttle bus service from Liberty State Park to Summit will start at 12 p.m. and operate every 30 minutes until 8 p.m.
To Gladstone Branch stations:  Shuttle bus service from Summit Station to Gladstone, Peapack, Far Hills, Millington, Gillette, Murray Hill, Bernardsville, Basking Ridge, Lyons, Berkeley Heights and New Providence stations will start at 12 p.m. and operate every 30 minutes until 8 p.m.

On Thanksgiving Day, November 22, trains will operate on a weekend/major holiday schedule (except Gladstone Branch, which remains suspended until further notice).  Click here for detailed schedules.  To accommodate customers traveling to and from the Macy’s Thanksgiving Day Parade, NJ TRANSIT will add extra trains on the Northeast Corridor, North Jersey Coast (between Long Branch and New York only), Raritan Valley, Morris & Essex and Port Jervis lines.

Light rail service will operate as follows:

Hudson-Bergen Light Rail will operate on a weekend schedule—however, direct service between Tonnelle Avenue and Hoboken will operate every 20 minutes
River Line will operate on a Sunday schedule.
Newark Light Rail will operate on a Sunday schedule between Newark Penn and Grove Street stations, and on a modified schedule between Newark Penn and Broad Street stations (service every half hour).

Bus Service:

Holiday bus schedules vary by route—view holiday schedule information here.  Selected bus routes will operate extra service to and from the Port Authority Bus Terminal for customers traveling to the parade.  Special service on the No. 111 bus route from New York to the Jersey Gardens Mall, as well as on the No. 70 and No. 73 bus routes to Livingston Mall, will begin operating before midnight on Thanksgiving night.

On Friday, November 23, one of the busiest shopping days of the year, trains will operate on a modified weekday schedule on all rail lines (except Gladstone Branch, which remains suspended until further notice).  Click here for detailed schedules.   Additional New York-bound trains will operate between 10 a.m. and noon on the Northeast Corridor.  On the Morris & Essex Lines, one additional midday train to New York will operate.  Customers are encouraged to travel early, if possible, when ridership is light.  Select morning peak period trains on the Northeast Corridor will not operate on Friday, due to expected light ridership.

Light rail service will operate as follows:

Hudson-Bergen Light Rail will operate on a weekend schedule—however, direct service between Tonnelle Avenue and Hoboken will operate every 20 minutes
River Line will operate on a Sunday schedule.
Newark Light Rail will operate on a Saturday schedule between Newark Penn and Grove Street stations, and on a modified schedule between Newark Penn and Broad Street stations (service every half hour).

Bus Service:

Schedules vary by route—view holiday schedule information here.  Selected routes will operate on special holiday schedules to match service with ridership demand, with less frequent service during the peak periods due to lower ridership.

Extra bus service to New Jersey malls

Starting Friday, November 23 and continuing through December 24, NJ TRANSIT will offer additional bus service to major New Jersey shopping destinations to accommodate extended store hours and busy shopping times throughout the day.  Throughout the holiday shopping season, extra trips or expanded service will be offered on several bus routes serving malls and shopping centers throughout the state, including Garden State Plaza, IKEA Paramus, Jersey Gardens, Livingston Mall, Harmon Meadow/Mill Creek in Secaucus, Willowbrook Mall, Wayne Towne Center Mall and West Belt Mall.  Note:  Special service on the No. 111 bus route from New York to the Jersey Gardens Mall, as well as on the No. 70 and No. 73 bus routes to Livingston Mall, will begin operating before midnight on Thanksgiving night.

Kids ride free on NJT

For the Thanksgiving holiday, NJ TRANSIT’s Family Super Saver Fare, which allows up to two children 11 and younger to travel free with each fare-paying adult, will be in effect from 7 p.m. Wednesday, November 21 until 6 a.m. Monday, November 26.

Travel tips

Check Schedules in Advance:  Additional service will be provided on Wednesday, Thursday and Friday.  Plan your trip online to take advantage of extra trains and buses.
Travel Early on Friday, November 23:  On Friday, NJ TRANSIT rail lines will operate on a modified weekday schedule with additional trains during the late morning hours.  Avoid the crowds by traveling during the traditional peak-period (6-9 a.m.) when ridership is light.
Allow Extra Travel Time:  Traffic congestion during the holidays may affect bus travel times to and from New York City, so customers should plan accordingly.
Ticketing:  Purchase round-trip tickets at the start of your trip to speed your return.  Use ticket vending machines or see a ticket agent, if available, to avoid possible surcharges.  Bus customers departing Port Authority Bus Terminal are reminded that tickets must be purchased before boarding the bus.
Luggage:  Travel as light as possible.  Passengers with luggage or packages should use the overhead racks or designated luggage spaces.  On multilevel trains, customers with large bags should use the mezzanine levels at the ends of each car.

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Christie in late Senate race push for Joe Kyrillos

Christie and Kyrillos 465x250

https://savejersey.com/2012/08/its-time-for-the-kyrillos-campaign-to-bust-a-move/

Christie in late Senate race push for Joe Kyrillos

After months of running an underdog challenge to U.S. Sen. Robert Menendez, Joseph Kyrillos has finally unleashed his most effective weapon: Gov. Chris Christie.

But a series of campaign events beginning this week with the popular governor may come too late for the Republican state senator, according to political analysts and polls. Mr. Kyrillos trailed Mr. Menendez 55% to 37% in a Quinnipiac University Polling Institute survey of likely voters released on Tuesday, a growing deficit in an uphill battle.

The poll comes as the pace of the New Jersey Senate race picks up. Mr. Kyrillos released his third television ad, featuring images of him and Mr. Christie. Former Florida Gov. Jeb Bush and former New Jersey Gov. Christie Whitman held fundraisers for Mr. Kyrillos last week, and first lady Mary Pat Christie is hosting an event for him in Woodbridge Thursday.  (Haddon, The Wall Street Journal)

https://online.wsj.com/article/SB10000872396390443854204578061023458021136.html

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Back to School: New Jersey cheating questions hit close to home

theRidgewood blog ICON theridgewoodblog.net 16

Back to School: New Jersey cheating questions hit close to home

Investigations of teachers and administrators helping their students cheat on state achievement tests remain disconcerting and discouraging — especially when they occur as close to home as Woodbridge and other local districts.

Some of these cases are relatively decisive. A high-profile investigation in Atlanta implicated dozens of teachers and administrators and ultimately took down the district superintendent.

But there are murkier outcomes. An investigation into New Jersey’s own Camden schools, where cheating was never proven outright, led to a settlement last year with the whistleblower — a district principal — and left lots of unanswered questions.  (Mooney, NJ Spotlight)

https://www.njspotlight.com/stories/12/0828/2237/

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stay with me people.

Ridgewood Village Hall theridgewoodblog.net 5

stay with me people

Those without souls have only themselves to sell which was exactly the point of the original posting. “You are known by the company you keep” my ma always told me. Aronsohn’s besties include one ethical nightmare after another (Bradley excluded). Richardson, Clinton, MCGREEVEY….His public image consultants, White Horse Strategies (Henne & Shields), hasn’t scrubbed him clean (yet). Henne who? you might ask…his company bio states that he “spent two years as a Communications Aide in the Office of the New Jersey Governor.” Yep, THAT NJ Governor..A 2004 Bergen Record article states, “Joshua Henne, 26, worked on McGreevey’s campaign before becoming a governor’s aide. A 2000 Emory University graduate with no experience outside of New Jersey political campaigns and government, he held the $45,000-a-year aide position for less than nine months before moving to the Board of Public Utilities.” NJ Governor James E. McGreevey hires a dozen “Pretty Boys”, Big jobs: No experience needed Bergen Record ^ | 10.10.04 Again, from his bio ,”Joshua has drafted remarks for Governors, Senators, Congressmen, State Legislators, Mayors, Council members”…ever watch Aronsohn in a meeting?? Can’t seem to stay off the personal communications device…..he’s either mute or parroting “drafted remarks” that rode in on a White Horse..as one politcal analyst put it, “Mayors are control freaks because you can do it.” Not so sure it’s a good idea to model yourself after the former mayor of Woodbridge, Paul

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Six more N.J. cities being sued over red-light cameras

red light cameras theridgewoodblog.net

Six more N.J. cities being sued over red-light cameras

Class-action litigation over New Jersey’s red-light cameras has expanded to six more cities and towns and could grow in the weeks ahead.

Marlton lawyer Joseph A. Osefchen has filed suits in Glassboro, Monroe Township, Newark, Edison, Stratford, and Woodbridge in the last 10 days contending that motorists were illegally fined for running red lights after municipal traffic officials failed to complete required inspections of the cameras and intersections.

Osefchen filed his first such lawsuit last month in Cherry Hill.  (Osborne, The Philadelphia Inquirer)

https://www.philly.com/philly/news/new_jersey/20120713_Six_more_N_J__cities_join_suit_over_red-light_cameras.html

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>New Jersey narrows probe of erasures on standardized tests

>New Jersey narrows probe of erasures on standardized tests


State education officials will probe deeper into nine public schools after a preliminary investigation found higher-than-normal erasures in standardized tests.

Two schools in Newark and one each in Orange, Woodbridge, East Orange, Bloomfield, Bridgeton, Atlantic City and Union City will undergo further investigation by the Office of Fiscal Accountability, the state Department of Education’s investigative arm.  (Mikle, Gannett)

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>School testing investigation moves to next phase

>School testing investigation moves to next phase


The first team of state investigators is expected tomorrow at Woodbridge’s Avenal Street School, one of nearly a dozen schools singled out last summer for irregularities and possible cheating on state tests.
What raised the red flag? Avenal is one of nine schools that had among the highest erasure rates on the tests in 2010.

In each case, an extraordinary number of answers were changed from wrong to right — as much as four times higher than the norm — according to Robert Cicchino, a former State Police commander who now directs of the department’s Office of Fiscal Accountability and Compliance.  (Mooney, NJ Spotlight)

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>Still in Denial : N.J. Leads Municipal Bond Downgrades as Aid Shrinks

>https://www.bloomberg.com/apps/news?pid=20601109&sid=apo6dN1UXF54&pos=11

Dec. 22 (Bloomberg) — Bond ratings of New Jersey towns and cities are being reduced faster than in any other state as property values slide 11 percent and Governor Jon Corzine lowers municipal aid to cope with a $1 billion budget deficit.

Moody’s Investors Service cut ratings on $592 million in general obligation debt issued by 14 municipalities since October, about four times the rate for neighboring New York, the second-most indebted state, according to data compiled by Bloomberg. New Jersey’s per-capita personal income of $51,358 last year was exceeded only by Connecticut, according to the U.S. Commerce Department’s Bureau of Economic Analysis.

With the U.S. jobless rate hovering around 10 percent and tax revenue dwindling, the downgrades in New Jersey, the most- densely populated state, may be the start of a national trend, according to Richard Ciccarone, chief research officer at McDonnell Investment Management in Oak Brook, Illinois. Nine of 10 finance officers polled by the National League of Cities in September said it would be difficult to meet their fiscal needs in 2010, the worst outlook in 24 years.

“In many of the large states, this is going to become the norm: California, New York, New Jersey and Illinois,” said Ciccarone, whose firm oversees $6.8 billion in municipal bonds, including New Jersey debt. “The stress levels have got to be very high right now for municipal fiscal officials.”

Strained Budgets

New Jersey’s downgrades reflect local budgets straining under a cap on property-tax increases and lowered state funding, according to Moody’s. The New York-based firm cited these factors, along with a drawdown of surplus cash, in cutting its rating Dec. 4 on $113 million in debt issued by Woodbridge Township, the state’s sixth-largest municipality. The grade was lowered one level to A1, the fifth-highest, from Aa3.

Moody’s also lowered its rating on $71.3 million in debt issued by Irvington, a suburb of Newark where a fifth of schoolchildren between five and 17 live in poverty and the unemployment rate is 1.4 percentage points above the state’s 9.7 percent rate.

The firm on Dec. 17 cut the debt rating to Ba1, one level below investment grade, from Baa3, and said it may lower it further, citing concerns over how the town will close a $12 million budget gap and make up for a $50 million, or 1.7 percent, decrease in its tax base over the past two years.

“This is a reality that cities are facing across the country,” said Irvington Mayor Wayne Smith, 52, a Democrat who serves as president of the state’s urban mayors association. He said the city plans to cut the deficit in half by furloughing about half of its 600 employees once a month until the end of the fiscal year and selling a shuttered hospital.

Highest Taxes

New Jersey’s average $7,045 property tax in 2008 was the nation’s highest and 25 percent above the 2004 average of $5,617, according to the state Department of Community Affairs.

The median sale price of an existing home dropped to $322,700 in the third quarter from $364,500 in the same period in 2008, according to data from the New Jersey Association of Realtors. The number of tax appeals by homeowners increased more than 50 percent this year to 17,704, from 11,677 in 2008, according to state data.

“New Jersey’s local governments are certainly under pressure right now,” said Elizabeth Bergman, the lead Moody’s analyst covering New Jersey’s municipalities. “They continue to have rising expenditures and falling revenue opportunities.”

https://www.bloomberg.com/apps/news?pid=20601109&sid=apo6dN1UXF54&pos=11

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