New Jersey currently has the dubious distinction of having the second lowest credit rating in the nation at A1 by Moody’s Investors Service (ahead of only Illinois). Standard & Poor’s has the state as the third lowest rating at A+ (ahead of California and Illinois). Both agencies carry on negative Outlook on the ratings. The financial issues in New Jersey are not new or unique, but are difficult to resolve. The State has an unemployment rate of 6.9% versus the 6.3% for the entire nation. According to the Tax Foundation (a non-partisan research think tank, based in Washington, DC.), NJ has the second highest tax burden in the nation, trailing only NY. The 500 pound gorilla in the room remains the unfunded pension liability which currently stands at $52 billion.. . . . Click for more.
|Date / Time||Event||Location|
There are no upcoming events. Please check back often for updates.