I think it is too late for NJ to recover and our house will be on the market very soon. NJ offers a lot to people who have good paying jobs but the high taxes just don’t make sense unless you are using the public school system. The debt burden is out of control and while It is not right that the state has not contributed to the public pension system, the public pension system needs an overhaul. Those promises and deals the union struck were unsustainable in the long run. Begin by eliminating the pension abuse of padding in the final years, payouts for unused sick time and eliminating eligibility for part time employees. Long gone are the days when public employees’salaries where lower to compensate for delayed remuneration in the form of a generous defined pension and medical benefits.
