When you think of the highest-paid public workers in the state, you probably don’t think of the chief financial officer for Rochelle Park, population 5,597. But Roy Riggitano, the township’s CFO, brings home at least $347,970 a year. That’s not just because Riggitano...
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Sweeney seeks N.J. voter help to fund pensions
If voters were to approve the amendment and the state contributed its share to the pension system, he said, "you would quickly be faced with the question of, 'Well, how do I plug the rest of the budget we've now consumed?' " That question is particularly relevant in...
Do public double dippers help or hurt taxpayers?
That’s the dilemma before New Jersey taxpayers, said Marc Pfeiffer, assistant director at the Rutgers University Bloustein Local Government Research Center: “(Taxpayers) may be getting a bargain, but the price of that bargain is that you might have individuals who...
New Jersey Bonds Add to Pension Costs as Bills Rise
“The pension debt service is skewed to the out-years,” said Richard Keevey, a fellow at Rutgers University in New Brunswick, New Jersey, who was budget director for former Governor Jim Florio, a Democrat. “It starts out low and rises sharply.” Bloomberg.com, March...
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