Interactive Map: Per-Pupil Costs Vary Widely in New Jersey’s Schools (via NJSpotlight)
Hover over a district to see its total spent, click for more information. The map does not include charter schools and the county districts and some elementary districts may be obscured by the regional high school districts to which they send students…
NJ pension payment could be delayed by Christie, risking downgrades (via NJ.com)
TRENTON — New Jersey may delay a payment to the state pension fund by several days to help plug an $807 million budget gap, the state treasurer said Thursday, a risky move that could touch off union lawsuits and downgrades by Wall Street credit-rating…
Analysis: Tax Amnesty Eyed As Part Of $1.4 Billion Budget Solution (via NJSpotlight)
Five years ago, Gov. Jon Corzine’s Treasury Department opened up envelopes containing more than $200 million in checks in a single day en route to a record $725 million tax amnesty windfall that not only solved a current-year budget crisis, but enabled…
NJ debt downgraded for fifth time under Christie (via NJ.com)
TRENTON — A major Wall Street credit-rating agency downgraded New Jersey’s debt again Thursday, unnerved by “both the scale and belatedness” of an $807 million budget gap disclosed this week by Gov. Chris Christie’s administration. The action…
Moody’s Expects New Jersey To Use ‘One-Shots’ To Fill Shortfall (via NJSpotlight)
While Gov. Chris Christie is proclaiming that there is “nothing off the table” to close this year’s $800 million budget gap, Moody’s Investors Service said yesterday it will be keeping a close watch not only on how heavily the state relies on…
NJ budget suffers another setback with $600M hole in April (via NJ.com)
TRENTON — New Jersey’s budget will take a big hit in April to the tune of $600 million, state officials announced today, warning that one of the best months for tax collections has been seriously behind Gov. Chris Christie’s expectations. The…
S&P Turns Thumb Down On Christie Budgets, Downgrades Bond Rating (via NJSpotlight)
In a sharp blow to New Jersey’s shaky budget structure, Standard & Poor’s yesterday downgraded New Jersey’s bond rating for the second time in Gov. Chris Christie’s tenure, driving up future borrowing costs and dropping New Jersey from a AA…
NJ budget won’t get much help from state economy, expert warns (via NJ.com)
TRENTON — New Jersey is in for another year of lackluster economic growth, and the new spending plan Gov. Chris Christie is proposing widens the shortfall in the state budget to $526 million by summer 2015, the state Legislature’s top financial…
State Aid to New Jersey Municipalities Frozen for Third Consecutive Year (via NJSpotlight)
New Jersey municipalities would see no increase in state aid for the third year in a row under the $34.4 billion budget proposed last week by Gov. Chris Christie. While the $1.5 billion being distributed is better than the aid cuts municipalities had…
Chris Christie promises to take ‘extreme measures’ on pension if Democrats don’t play ball (via NJ.com)
LONG HILL — The day after his budget address, an upbeat Gov. Chris Christie returned to a message that has worked for him in the past: State finances are in trouble and only he can help. The Republican governor urged Democrats in the state Legislature…
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