The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Trenton NJ, NJBIA President and CEO Michele Siekerka issued the following statement regarding the $58.78 billion budget for FY 2026 approved by the Senate this afternoon and presumed to be advanced by the Assembly later today.
the staff of the Ridgewood blog
Trenton NJ, the National Federation of Independent Business (NFIB), the nation’s leading small business advocacy association, released the following statement by State Director Eileen Kean in response to Gov. Phil Murphy’s new budget message.
the staff of the Ridgewood blog
New York NY, if you define insanity as repeating the same actions and expecting different outcomes, then New York politicians appear to be candidates for an asylum.
the staff of the Ridgewood blog
Ridgewood NJ, NJBIA President & CEO Michele Siekerka issued the following statement regarding the passage of the FY2021 revised budget today by the full Senate and Assembly.
“The fiscal year 2021 budget is an irresponsible budget that will have long lasting effects on New Jersey’s continued inability to be regionally competitive and affordable. This budget will cost taxpayers for generations to come, as it exacerbates an already insurmountable debt load. And all this under the guise of providing tax relief.
Continue reading NJ Assembly Passes “Crazy Eddie “Budget, ‘Enough is Enough’
the staff of the Ridgewood blog
Ridgewood NJ, As the effects of the COVID-19 pandemic on the State of New Jersey’s finances begin to emerge, residents of the state have a clear message to Governor Murphy and legislative leaders:
“Reform public employee benefits and reduce the cost of government
before you consider raising taxes”
the staff of the Ridgewood blog
Trenton NJ, Senate President Steve Sweeney issued the following statement today in response to the budget proposal offered by Governor Phil Murphy:
“This is a positive budget plan that takes meaningful steps in the right direction, but I remain opposed to the proposed tax increase. I welcome the Governor’s willingness to work with the Legislature in a constructive and cooperative way.
Continue reading Senate President Steve Sweeney Opposes Proposed Tax Increases
January 28,2018
the staff of the Ridgewood blog
Trenton NJ, This week Governor Phil Murphy was involved with a series of announcements demonstrating he will be taking sides against residents and citizens and favoring illegals and criminals.
The Governor “Sanctuary Phil” Murphy campaigned on massive tax raises and turning New Jersey into a sanctuary state . This week he moved that agenda forward .
First on January 24th NJ Attorney General Grewal announced alongside Governor Phil Murphy that the NJ Office of the Attorney General will use all the tools it has to protect the rights of Dreamers so they can enjoy the American Dream and to ensure the safety and well-being of all New Jerseyans, regardless of their immigration status.
Then on the 26th ,NJ Attorney General Grewal spoke on his focus of restricting legal gun owners rights and New Jersey’s intention to tighten restrictions on handgun-carry permits to combat gun violence for a safer state, despite the fact that criminals don’t get gun permits.
A decision on whether Illinois becomes the first U.S. state whose bond ratings tip into junk was not imminent on Monday as credit rating agencies said they were still reviewing the state’s newly enacted budget and tax package.
Analysts at the three major rating agencies, which rate Illinois one or two notches above junk, declined to comment on the timing of their decisions.
With the help of some Republican votes, the Democratic-controlled Illinois Legislature last Thursday overrode Republican Governor Bruce Rauner’s vetoes and enacted a $36 billion fiscal 2018 budget and a $5 billion income tax increase.
The action ended an unprecedented two-year budget impasse that ballooned the state’s unpaid bill backlog to about $15 billion.
Illinois State Treasurer Michael Frerichs, a Democrat, on Monday unveiled a five-step plan to avoid a junk rating that included Rauner taking steps to issue up to $6 billion of bonds the legislature authorized to begin paying off bills. He also recommended the governor visit credit rating agencies to assure them he intends to implement the budget package.
A junk rating would make future bond sales more difficult and expensive.
https://www.reuters.com/article/us-illinois-budget-idUSKBN19V2PS
photo by ArtChick
Watch out while the townsfolk are away at summer beach house timed town VOR TOWN PLANNING approval agenda items for the toxic decisions ..
In past administrations ..
They have positioned a lot of bad proposals onto those summer favors for
rescues referendums in July..of really bad stuff in the past..oldest trick in the book.
Tax increases , artificial turf….parking increases and introduction of
new parking and owners land use restrictions..it happens and it’s usually bad for taxpayers .
New Jersey Democrats join court battle over Christie’s pension funding cuts
APRIL 20, 2015, 5:24 PM LAST UPDATED: MONDAY, APRIL 20, 2015, 5:25 PM
BY SALVADOR RIZZO
STATE HOUSE BUREAU |
THE RECORD
Democratic leaders in the state Legislature joined the court battle over Governor Christie’s funding cuts to the New Jersey pension system on Monday, arguing in a legal brief that public workers have the law on their side as they seek an extra $1.57 billion than Christie authorized this year.
Christie, a Republican, signed a major overhaul of the state pension laws in 2011. Among other provisions, the law gave public workers stronger contracts with rights to full contributions from the state’s yearly budget to their pension funds, which are underfunded by $37 billion.
Three years after signing the law, Christie now argues it is unconstitutional. He has cut $2.4 billion from New Jersey’s legally required pension contributions, paying $1.38 billion instead of $3.8 billion over the last two years in a last-resort effort to balance the budget. The latest cut is under review by the New Jersey Supreme Court, which has scheduled a hearing May 6.
Senate President Stephen Sweeney and Assembly Speaker Vincent Prieto, both Democrats, submitted a five-page brief rebutting the central plank of Christie’s legal strategy. The 2011 pension overhaul is, in fact, constitutional, the lawmakers argue.
