Balancing New Jersey’s budget with bonds will leave negative impact for years

June 29, 2020

Selling bonds for operating purposes must be avoided — not only because it has been deemed unconstitutional by the New Jersey Supreme Court — but much more importantly, because it is very bad public policy.

By definition, the amount is a one-time revenue source. What does the state do the following year? This would create a double negative impact, since any federal aid will likely be one-time.

Opinion by Richard Keevey, APP.com/USA Today network, June 27, 2020

Recent Posts

Williams, Cantor, et al. Examine Black-White Death Inequities

Longitudinal Associations From US State/Local Police and Social Service Expenditures to Suicides and Police-Perpetrated Killings Between Black and White Residents Abstract Policy Points Despite documented inequities in suicide trends and police-perpetrated killing for...

Geisha D. Ester Appointed Executive Director of NTI

The National Transit Institute, part of the Bloustein School’s Alan M. Voorhees Transportation Center, has appointed Geisha D. Ester as its new Executive Director.  Ester brings more than 27 years of transit industry experience and 18 years of leadership in workforce...

The Political Machine Won’t Decide NJ’s Next Governor

County bosses were stripped of the power to rig statewide elections. Now there’s no clear favorite in a state where Republicans are rising. The outcome of New Jersey’s June 10 gubernatorial primary is anyone’s guess. With no clear front-runner, the elimination of...

Tariff Uncertainty and its Impact on Economic Forecasting

R/ECON’s next economic forecast is slated for release in mid-summer, followed by another forecast in the fall. As we track the latest state data and national outlook, we (much like everyone else) have been closely following the news on tariffs, the Fed’s potential...

Heldrich Center: Using Data to Help Bolster Workforce Initiatives

The John J. Heldrich Center for Workforce Development provides research expertise and analysis to organizations, including the Fed, to help improve education, training, and workforce development programs that affect employers and employees. By Jennie Blizzard, Fed...