October 1, 2020
The Star-Ledger reported that NJ’s pension investments earned 1.2% for the fiscal year ended June 30, 2020. This is far below the 7.5% assumed return and […]
September 23, 2020
Truth in Accounting came out with its “Financial State of the States 2020,” an annual report on how much debt-per-taxpayer each state owes. New Jersey once […]
September 22, 2020
According to the Star-Ledger, New Jersey’s FY2021 budget will borrow $4.5 billion in bonds. That’s more than 10% of the entire budget. Where is NJ going […]
September 15, 2020
Jon Reitmeyer of NJSpotlight writes that State Treasury officials support the idea of issuing $4 billion in bonds so the State can make a $4.9 billion […]
September 4, 2020
New Jersey Business and Industry Association (NJBIA) president Michelle Siekerka penned an op-ed in NJ Spotlight today that made several excellent points. Among them: Cut the […]
August 26, 2020
Governor Murphy presented a nine-month FY2021 budget yesterday that props up state government spending by issuing bonds and raising taxes. As analyzed by NJ Spotlight’s Jon […]
August 14, 2020
Congratulations, Governor Murphy. Unsurprisingly, the NJ Supreme Court has ruled unanimously that you get to borrow up to $9.9 billion to cover budget gaps due to […]
July 24, 2020
And this was before COVID19 hit. The US Bureau of Economic Analysis did a laudable analysis of defined benefit pension plans across the country. BEA used […]
July 23, 2020
NJ’s Division of Investment provided an update on pension assets. As of April 30, the assets had dropped to $75 billion from $81 billion, or -8.1%, […]