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“The ‘Pension Bomb’ is real and the clock is ticking. If pandering politicians like Governor Murphy don’t get honest and act now, it will explode.”

the staff of the Ridgewood blog

Trenton NJ, Over the weekend, The Star Ledger warned that New Jersey is facing what they describe as a $1.2 billion “Pension Bomb”.
The combination of a scheduled payment of the state’s first full recommended pension contribution and Governor Murphy’s reckless rush to lower the assumed rate of return of the system’s investments have created a year-over-year increase of more than $1.2 billion in what taxpayers must pay to keep the public pension system afloat.

Continue reading “The ‘Pension Bomb’ is real and the clock is ticking. If pandering politicians like Governor Murphy don’t get honest and act now, it will explode.”
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Call For Tax Cuts, not Incentives

the staff of the Ridgewood blog

TRENTON, NJ, The Select Senate Committee on Economic Growth Strategies held a hearing yesterday with a panel of national experts who were largely critical of the Economic Development Authority’s controversial tax incentive program. Assemblyman John DiMaio, the Republican budget officer, echoed the experts’ sentiments that there are better strategies to accomplish the same goals.

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Despite a Massive Increase in Gas Tax New Jersey Roads are Terrible

the staff of the Ridgewood blog

Ridgewood NJ, According to the annual highway report, released by the Reason Foundation, New Jersey once again has the worst urban traffic congestion in the U.S.

The garden state is also among the worst when it comes to urban pavement conditions and that’s despite a massive increase in gas tax and spending more money per mile on road repairs than any other state.

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NJ Judge Halts Phil Muphy’s Doctor Assisted Suicide Law

the staff of the Ridgewood blog

Trenton NJ,  A New Jersey judge has put a hold on the state law allowing doctors to prescribe life-ending medications, which went into effect Aug. 1.

The temporary restraining order issued Wednesday prevents doctors from writing fatal prescriptions until at least Oct. 23, said Richard W. Grohmann, a lawyer at Smith & Associates in Bloomfield. The firm filed a lawsuit challenging the law last week.

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AG Grewal Issues Statewide Directive to Enforce New Jersey’s “Extreme Risk” Gun Safety Law

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the staff of the Ridgewood blog

TRENTON NJ, Attorney General Gurbir S. Grewal today issued the nation’s first statewide directive to law enforcement implementing an “extreme risk” gun safety law. The directive, which applies to all 36,000 law enforcement officers in New Jersey, will make it easier for officers to keep firearms away from individuals who present a significant risk of harming themselves or others.

Attorney General Directive 2019-2 – known as the “Extreme Risk Directive”– guides and directs New Jersey’s law enforcement officers on the proper implementation of the state’s Extreme Risk Protective Order (“ERPO”) Act of 2018, which takes effect on September 1, 2019. The new law creates a process through which a family or household member, or a law enforcement officer, may apply for an order against a person who presents a significant danger of bodily injury to himself or others by possessing or purchasing a firearm. Issuance of such an order, known as an ERPO, prohibits that individual from possessing or purchasing a firearm or ammunition and from holding any firearms identification cards or permits.

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New Jersey Society of Certified Public Accountants : The Surprising Total Cost of Government in New Jersey

the staff of the Ridgewood blog

ROSELAND NJ, Many people are aware of New Jersey’s $38 billion state budget. But when you add in municipalities, schools, counties and utilities, total government spending in New Jersey skyrockets way past that. Regina Egea, president of Garden State Initiative (GSI), takes us through GSI’s eye-opening research into the true cost of government in New Jersey, where all the money goes and what – if anything – can be done to reign in spending.

The IssuesWatch Podcast is a bi-weekly program published by the NJCPA and hosted by Jeff Kaszerman, NJCPA vice president of government relations. It covers the latest New Jersey policy and political issues – because you need to know both. The focus is on business and economic issues impacting the business community and all New Jerseyans.

Other recent episodes include:

  • Rundown on New Jersey’s Budget
  • Tax Issues Surrounding Cannabis Legalization
  • The Ups and Downs of Doing Business in New Jersey

Listen online at njcpa.org/podcast or subscribe for free via Apple Podcasts, Google Podcasts, Stitcher or your favorite podcast app.

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Public Employees Convicted of Sex Offenses to Forfeit Pensions

the staff of the Ridgewood blog

Trenton NJ, Any public employee or elected official who is convicted of committing a sex offense while on the job will be required to forfeit their state pension, under a newly enacted law that was sponsored by Senator Kristin Corrado.

“Anyone who has the audacity to use their taxpayer-funded position of power to assault a coworker doesn’t deserve a state pension,” Corrado (R-40) said. “Public service is about helping people and making the state you work for a better, safer place for all. Anyone who commits a crime that is contrary to that mission, whether it’s an ethics violation or a sex offense, shouldn’t be paid by the state for life. We need to confront this crisis head-on and ensure that people know there are real consequences for committing crimes in the workplace.”

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Governor Murphy’s lawsuit against the Internal Revenue Service is a waste of state resources and taxpayer money

the staff of the Ridgewood blog

Trenton NJ, Senator Joe Pennacchio criticized Governor Murphy’s lawsuit against the Internal Revenue Service, claiming it is a waste of state resources and taxpayer money.

“The Murphy Administration is lawsuit happy,” said Pennacchio (R-26). “The Governor should not be using New Jersey taxpayer dollars to play politics. Rather than fighting with the federal government, I urge Governor Murphy to focus on genuine and immediate tax solutions that we have the power as state lawmakers to advance.”

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NJ Governor and Attorney General Launch another Ludacris Lawsuit Against the IRS

the staff of the Ridgewood blog

SOUTH ORANGE NJ, Governor Phil Murphy and Attorney General Gurbir S. Grewal embark once again on a fool’s errand,. In a press release Wednesday and claiming ,”Acting to protect state taxpayers from the Trump Administration’s repeated efforts to unfairly target them, Governor Phil Murphy and Attorney General Gurbir S. Grewal today announced that New Jersey has filed a federal lawsuit against the Internal Revenue Service (IRS) and the U.S. Treasury Department.

Filed in the U.S. District Court for the Southern District of New York, the lawsuit seeks to strike down a new IRS rule that would prevent New Jersey residents from obtaining a full federal charitable deduction whenever they contribute to local governments and other qualifying institutions and receive tax credits in return.”

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Broad Bipartisan Effort Stops Democrats from Further Rigging New Jersey’s Elections

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the staff of the Ridgewood blog

Trenton NJ, Senate Republican Leader Tom Kean released the following statement on a report from leading academics on “Improving New Jersey’s Legislative Apportionment Process.”

“Last year, we raised the alarm when Democrats attempted to fast-track a constitutional amendment that would have made legislative elections less competitive while cementing permanent Democratic majorities in the New Jersey Legislature,” said Kean (R-21). “With broad bipartisan support from outside groups and respected academics, we defeated their attempt to rig our elections. Any changes to improve how we reapportion legislative districts should focus on making the process fairer and more transparent.”

Continue reading Broad Bipartisan Effort Stops Democrats from Further Rigging New Jersey’s Elections