State governments have had a hard time restoring budget reserves since the last recession, and New Jersey remains among those struggling the most, according to new state-by-state fiscal data released by The Pew Charitable Trusts. John Reitmeyer, NJSpotlight Read more
Sarlo, and his buddies Sweeney and Prieto should be so proud of their legacy: a state in secular decline with $170bn in unfunded pension & healthcare liabilities that will only get bigger when the NJ Pension plans cut their assumed rate of return from the currently outrageous 7.9% vs. a return of only 4.58% through May in the state’s FY ended June. Double dipping is rampant, the greedy pig unions want retiree COLAs restored, and the rest of us will have to pay even more from 2018 when the 40% ACA excise tax kicks in on the platinum healthcare plans current employees & retirees enjoy for minimum out of pocket expense.
The unpaid credit card bill for future pension & healthcare checks these goons in Trenton have racked up is actually $194.5bn now… The shortfall has increased by $19 billion just in the past year.
Here come the tax increases
Ridgewood property taxes need to double in the next 15 years just to pay for past promises… none of those new tax revenues will go to anything to make the Village better for residents, they’ll all go to wage increases, pensions & healthcare
Paul Sarlo is a Sanzari lackey and on their payroll, Sweeney is an ironworkers union thug, and Prieto is bought & paid for by the AFL-CIO
we have seventeen $100K public pensioners now in Ridgewood and they are all laughing at the rest of us
No need for concern,after Christie’s failed bid for president he will return to the state and save us.