Doug Offerman News Today

Most of the largest U.S. state and local government pension funds have dodged the ongoing fallout from the collapse of crypto exchange FTX by not directly investing in digital tokens.

Most of the largest US state and local government pension funds have dodged the ongoing fallout from the collapse of crypto exchange FTX.

Phil Murphy promised to restore New Jerseys fiscal health. Based on improving credit ratings, it appears hes delivering on that promise.

Improved commitments to pension funding, coupled with other changes to the two states' retirement systems, have yielded bond rating upgrades for both.

Locally, a Republican precinct chairperson race ends in a tie

New Jersey got its first credit rating upgrade since 2005, after one of the three main Wall Street rating agencies commended the Garden State on its ample cash on hand and efforts to cut its credit card debt.

New Jersey’s December unemployment rate dipped from 6.7% to 6.3% amid the holiday, finding its jobs recovery lagging behind the national one.

Expert

Gov. Phil Murphy said the first budget proposal of his second term will include no new tax increases, a vow made in his reelection campaign.

Gov. Phil Murphy is pledging a full payment to New Jersey’s troubled public employee pension system for the first time in nearly a quarter of a century, a proposed $6.4 billion infusion that Murphy is hailing as a symbol of the state’s fiscal resilience amid the second year of the coronavirus pandemic.  The payment would make up nearly 15% of the $44.8 billion proposed spending plan Murphy unveiled Tuesday during a livestreamed address.  Because governors of both political parties failed...