Truth in Accounting (TIA) yesterday released its tenth annual Financial State of the States with this helpful youtube:
Archive for the ‘Debt’ Category
28 Aug
Who Says NJ Is “In Worse Shape” Than Illinois
Not Moody’s which still has IL as the reddest state:
It is New Jersey Senate President Steve Sweeney who stated the obvious in a Bloomberg interview:
25 Jul
Ratings Agency Response to NJ
It has been two years since the last downgrade of New Jersey’s credit rating and Phil Murphy met with ratings agencies earlier this month to see if they were ready to buy into his leadership.
Their response:
3 Jun
NJ Debt Fantasy
The State of New Jersey Debt Report for the year ended June 30, 2018 came out on Friday and the news is that it is not as bad as 2017.
The reason…..
4 Mar
New Jersey’s Financial Cliff
The New Jersey Business & Industry Association today released its analysis of audited state revenues, expenses and debt, which shows that over the past 10 years state expenses have significantly outpaced state revenues, and state debt has ballooned by 382 percent.
Tomorrow we jump.
26 Nov
Pew Fiscal Balance
The big issue in New Jersey for politicians and the media is legalizing marijuana. Never mind that another report by The Pew Charitable Trusts places New Jersey dead last among states when it comes to maintaining fiscal balance, which is raising enough revenue on an annual basis to cover expenses for the same given year. And when you download and sort the Pew data for the latest year you find New Jersey at record low depths:
