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S&P Global Downgrades NJ’s Credit Rating Again

1739New Jersey’s financial reputation took another hit yesterday, with S&P Global, one of the Big 3 Wall Street credit-rating agencies, announcing it has once again lowered the state’s debt grade by one step. The downgrade is another setback for Gov. Chris Christie, a Republican who has now suffered through more credit-rating reductions than any New Jersey… Read the rest of this entry »

Posted: November 15th, 2016 | Author: | Filed under: New Jersey | Tags: , , , , | 1 Comment »

N.J. avoids credit rating downgrade despite pension, road funding woes

assetContentTRENTON — A Wall Street ratings agency on Monday left New Jersey’s credit rating unchanged though it’s “cautious” on the state’s ability to meet its revenue forecasts this year. Fitch ratings noted that despite the state’s more conservative revenue forecasting in recent years — a departure from years of overly optimistic estimates that left big holes… Read the rest of this entry »

Posted: August 16th, 2016 | Author: | Filed under: New Jersey, New Jersey State Budget | Tags: , , , | Comments Off on N.J. avoids credit rating downgrade despite pension, road funding woes

N.J. could be in big trouble if another recession hit

assetContentTRENTON — A new study cast doubts on whether New Jersey can withstand another economic downturn. It’s the second such study this year to find that the state, which has lagged behind the rest of the nation in recovering from the Great Recession, is particularly vulnerable and unprepared for yet another. New Jersey is among 10… Read the rest of this entry »

Posted: August 14th, 2016 | Author: | Filed under: Economy, New Jersey State Budget | Tags: , , , | Comments Off on N.J. could be in big trouble if another recession hit

N.J. to businesses: You’ll have to wait longer for your reward for creating jobs

assetContent (28)TRENTON — The state Senate will vote Monday to put off paying overdue awards to businesses that created jobs in New Jersey as part of the governor’s plan to balance the budget for the coming year. Tax collections missed their mark this spring, and Gov. Chris Christie’s administration announced it would delay the bulk of the… Read the rest of this entry »

Posted: June 27th, 2016 | Author: | Filed under: New Jersey, News | Tags: , , | 2 Comments »

Christie: N.J. has recovered from ‘the long recession’

assetContentPARSIPPANY — Gov. Chris Christie announced at a groundbreaking ceremony in Parsippany Tuesday the Garden State has recovered from the Great Recession. “We have recovered from the long recession,” he said. “We have put more of our people back to work than any time before.” Speaking at the site of UPS’ new technology center in Parsippany,… Read the rest of this entry »

Posted: March 30th, 2016 | Author: | Filed under: Chris Christie, New Jersey, News | Tags: , | Comments Off on Christie: N.J. has recovered from ‘the long recession’

Christie Touts Region’s Best Unemployment Rate, Credits Anti-Tax Stance

Armed with new labor statistics that show New Jersey’s unemployment rate has now fallen below the nation’s and all other states in the region, Gov. Chris Christie came forward yesterday to tout his administration’s anti-tax policies. The governor’s victory lap highlighted a drop in New Jersey’s unemployment rate that reached nearly 2… Read the rest of this entry »
Posted: March 17th, 2016 | Author: | Filed under: New Jersey | Tags: , , , | Comments Off on Christie Touts Region’s Best Unemployment Rate, Credits Anti-Tax Stance

N.J. ranks among worst in nation in ability respond to future recession: study

assetContent (20)TRENTON — New Jersey is among U.S. states least equipped to respond to an economic downturn, according to a new study comparing states’ savings. New Jersey’s surplus, $300 million in 2014, wouldn’t be able to put up much of a fight against a recession, big or small, long or short, the study out of George Mason… Read the rest of this entry »

Posted: January 7th, 2016 | Author: | Filed under: New Jersey, New Jersey State Budget | Tags: , | 1 Comment »

N.J. has worst business tax climate in U.S., study finds

assetContent (20)TRENTON — New Jersey’s high property and income taxes contribute to its standing as the nation’s least attractive tax climate for businesses, according to a Washington tax policy group’s annual ranking of the 50 states. The Tax Foundation, a public policy group that has two former Republican lawmakers on its board of directors, considered five metrics,… Read the rest of this entry »

Posted: November 19th, 2015 | Author: | Filed under: Economy, New Jersey, Taxes | Tags: , , | 1 Comment »

N.J. lost 26,100 jobs in June and July but the unemployment rate fell

Spring Job Fair at Brookdale Community College, April 2014. file photo

Spring Job Fair at Brookdale Community College, April 2014. file photo

TRENTON — New Jersey lost nearly 14,000 jobs in July, with the largest employment declines posted in leisure and hospitality and professional and business services, according to new labor data released on Thursday. The state’s unemployment rate, which is measured by a different federal survey, decreased to 5.9 percent, down from 6.1 percent in June and… Read the rest of this entry »

Posted: August 21st, 2015 | Author: | Filed under: Economy, Monmouth County News, New Jersey, News | Tags: , , , , | Comments Off on N.J. lost 26,100 jobs in June and July but the unemployment rate fell

Senate president: Come home, Chris Christie. N.J. needs you

IMG_3507TRENTON — Senate President Stephen Sweeney has a message for Gov. Chris Christie: Log off Twitter, come home and work to fix the state’s economy. “He actually needs to be back here meeting with the legislative leadership. He needs to be back here with a plan on what we’re going to do to fix this place,”… Read the rest of this entry »

Posted: April 28th, 2015 | Author: | Filed under: 2016 Presidential Politics, Chris Christie, Economy, New Jersey, New Jersey State Budget, NJ State Legislature, Stephen Sweeney | Tags: , , , , | 1 Comment »