“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.”
NJSPL: The Potential of Participatory Budgeting Within New Jersey
Budget Cuts and Who Absorbs Them When budgets are cut, the first programs to go are those without dedicated funding or legal mandate. Many of those programs serve low-income, disabled, and vulnerable populations. New Jersey is in a period of fiscal austerity. The...