the staff of the Ridgewood blog
Ridgewood NJ, On October 16, 1975, New York City was deep in crisis. At 4 p.m. the next day, four hundred and fifty-three million dollars of the city’s debts would come due, but there were only thirty-four million dollars on hand. If New York couldn’t pay those debts, the city would officially be bankrupt.
Phil Muphy may be forced to follow this blueprint for the coming COVID19 financial apocalypse in New Jersey.
Continue reading Its Time to Set Up a New Jersey Financial Control Board
