The constitutionality of the new law authorizing state debt without voter approval is about to be reviewed by the New Jersey Supreme Court. At issue is whether the state can issue these bonds because of the COVID-19 emergency, and if the proceeds can be used as...
Topic
debt
A solution for the social security dilemma | Opinion
By Richard F. Keevey Social security is a vital component of the American safety net. Without social security many retired and disabled workers - as well as survivors and dependents - would be without a source of income. But social security is on an unsustainable...
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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