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Rapidly Rising State Debt, Contradicts Murphy Administration Claims to the Contrary

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the staff of the Ridgewood blog

Trenton NJ, Senator Sam Thompson said the new state debt report issued today by the Treasury Department directly contradicts claims by Governor Phil Murphy and Treasurer Elizabeth Maher Muoio that they have reduced state debt.

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New Jersey’s Pension Fund Outperforms Benchmark with 9.06 percent Return for FY18

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the staff of the Ridgewood blog

Trenton NJ,  The Department of the Treasury’s Division of Investment (DOI) today announced that the final, unaudited net return for New Jersey’s Pension Fund was 9.06 percent for fiscal year 2018, exceeding both the benchmark return of 8.65 percent and the 7.5 percent statutory assumed rate of return.

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