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Fitch affirms, New Jersey’s bond rating,, NJ Pension Crisis, rapidly rising pension costs

Trenton_New_Jersey

BY SALVADOR RIZZO
STATE HOUSE BUREAU |
THE RECORD

After taking a look at Governor Christie’s new budget proposal, Fitch Ratings affirmed New Jersey’s “A” credit rating Thursday instead of issuing another downgrade.

But Fitch analysts warned that pension costs are rising rapidly while Christie and lawmakers are unable to find common ground on New Jersey’s biggest financial problems.

 

https://www.northjersey.com/news/fitch-affirms-new-jersey-s-bond-rating-warns-of-rapidly-rising-pension-costs-1.1529469

One thought on “Fitch affirms, New Jersey’s bond rating,, NJ Pension Crisis, rapidly rising pension costs

  1. Don’t pay into the pensions and by the way don’t charge hospital taxes. What a guy.

    Governor Christie is expected on Friday to call for legislation creating a two-year moratorium on efforts by municipalities to get property tax payments from non-profit hospitals — more than a dozen lawsuits have already been filed — as well as a blue-ribbon panel to study the issue.

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