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Money

Kean: Failure to Extend Arbitration Cap Cripples Bipartisan Reforms to Curb Property Tax Growth

Kean: Failure to Extend Arbitration Cap Cripples Bipartisan Reforms to Curb Property Tax Growth
BY GEORGE MAST
SPECIAL TO NEWJERSEYNEWSROOM.COM

Senate Republican Leader Tom Kean Jr., (R-Union, Somerset, Morris) issued the following statement after joining Governor Christie, state and local elected leaders in urging the Assembly Majority to take action on legislation extending the 2-percent interest arbitration award cap.

“The Senate Republican Caucus stands with Governor Christie in urging the passage of this bipartisan legislation to extend the 2-percent cap on arbitration awards. It’s no coincidence that under the cap, contracts and property taxes grew at the lowest levels in decades.

“Unfortunately, we now stand to lose the progress we have made. How can we expect municipalities to hold down costs if there’s no ability to control arbitration awards for police and fire salaries?

 

Two Important Lessons About the Stock Market

Two Important Lessons About the Stock Market
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM

Some people, as the saying goes, can’t see the nose at the end of their faces.

Including many investors.

Despite all the evidence that stock index funds are a wise ...

The Heavy Tax Burden of N.J. Residents

The Heavy Tax Burden of N.J. Residents
BY RICHARD BOREAN
SPECIAL TO NEWJERSEYNEWSROOM.COM

WASHINGTON, DC - New Jersey residents shoulder the second highest state-local tax burden in the country, according to the Annual State-Local Tax Burdens...

8 Reasons N.J. Bond Rating Lowered

8 Reasons N.J. Bond Rating Lowered
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

New Jersey still has severe budget issues, and analysts at Standard & Poor is concerned.

The bond rating agency says despite the economy improving in the state, Gove...

3 Reasons Rutgers Won’t Freeze Tuition

3 Reasons Rutgers Won’t Freeze Tuition
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Students at Rutgers University asked the school’s Board of Governors for a break in tuition increases at a hearing in New Brunswick on Tuesday.

Some students fear that t...

How Match.com Was Used to Scam N.J. Woman Out of Money

How Match.com Was Used to Scam N.J. Woman Out of Money
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

We’ve heard about the risks involved in Internet dating, and the latest victim of a scam is from Montclair, N.J.

A 59-year-old woman was cheated out of retirement money ...

Death of a Righteous Businessman

Death of a Righteous Businessman
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM

James E. Stowers Jr., who started the 20th Century mutual funds, died on March 17 at age 90 in Kansas City.

He had been a gunner in World War II.

He gave most of hi...

How Much to Propose at Yankee Stadium?

How Much to Propose at Yankee Stadium?
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

When another baseball season opens, a young man’s fancy turns to,,, getting his marriage proposal on the scoreboard of his favorite team.

Most of the major league teams ...

Where to Invest Now? “Big, Boring Stocks”

Where to Invest Now? “Big, Boring Stocks”
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM

The stock market isn’t cheap, but there’s still money to be made. What you might do is switch from overvalued small-cap stocks to cheaper large-caps — especially ...

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