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Money

N.J. and You: Not Perfect Together When It Comes to Budget Cuts and Competitive Bidding

N.J. and You: Not Perfect Together When It Comes to Budget Cuts and Competitive Bidding
BY ADELE SAMMARCO
NEWJERSEYNEWSROOM.COM

The federal budget cuts known as “sequestration” can either hurt N.J. residents or some may never even feel the pain. It depends largely on who has a job and who doesn't, and where exactly you work.

In the weeks before the long-awaited spending cuts deadline, Democrats warned of widespread layoffs targeting the state’s airports, hospitals and other transportation hubs. But Gov. Chris Christie called it all scare tactics, citing the initial impact would only be minimal and said he believes the "predictions of doom" are overblown.

But it may not be overblown to the victims of Superstorm Sandy.

More than $2.9 billion in relief money for those severely impacted by the hurricane has been cut since the March 1 sequester deadline. It’s only been a few days and airports such as Newark are already reporting heavy delays.

Additionally, the Governor has also backed down from over-zealous growth projections of more than 7 percent in the budget he proposed for next year and now wants to delay this year’s property tax rebate to fill in the gap for this year’s budget.

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Stop Paying N.J. Public Employees for Unused Sick Time, says Assembly Republicans

Stop Paying N.J. Public Employees for Unused Sick Time, says Assembly RepublicansAssembly Republicans Caroline Casagrande, Nancy Muñoz, Donna Simon and Declan O’Scanlon, who sponsor legislation to end the practice of paying public employees for unused sick time, were pleased that ...
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Jersey Shakeup: Hess to Sell Gas Station Businesses

Jersey Shakeup: Hess to Sell Gas Station Businesses
BY NICOLE KARAS
NEWJERSEYNEWSROOM.COM

The Hess Corporation recently announced its plans to refurbish the company by making changes in the board, focusing on exploration and production, and selling overs...

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Steven A. Cohen: Genius or Crook?

Steven A. Cohen: Genius or Crook?
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BORSON ON MONEY 

What would you call an investor whose portfolio has risen an average of 30% a year for 20 years?

A genius?

Or maybe a crook?

Of course, he or sh...

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Christie Quietly Raids N.J. Clean Energy Budget

Christie Quietly Raids N.J. Clean Energy Budget
BY MICHAEL HAYNE
NEWJERSEYNEWSROOM.COM

Gov. Chris Christie received many plaudits across the aisle for his decision to increase public school aid and allow more poor people to enroll i...

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JCP&L Request for Rate Increase an Insult to Families Still Recovering from Sandy, says Assemblyman DeAngelo

JCP&L Request for Rate Increase an Insult to Families Still Recovering from Sandy, says Assemblyman DeAngelo

New Jersey Assemblyman Wayne P. DeAngelo (D-Mercer/Middlesex) today expressed outrage at the rate increase request filed by Jersey Central Power & Light (JCP&L) that asks their consumers to pa...

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Iraq War Veteran Earning $14,000 Per Year Buys New Home

Iraq War Veteran Earning $14,000 Per Year Buys New Home
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Bad economic times can become even tougher for larger households. A family of four living in Nevada has managed to survive, and perhaps thrive, on the bare minimum.

Jaso...

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10 Tips to Manage Finances During and After Divorce

10 Tips to Manage Finances During and After Divorce

Approximately 41 percent of American marriages end by divorce and properly managing finances throughout and after the process is essential.

“It is a particularly challenging time, and financial equity ...

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The Minimum Wage Great Divide: If It Goes Up, It Still Goes Down

The Minimum Wage Great Divide: If It Goes Up, It Still Goes Down
BY ADELE SAMMARCO
NEWJERSEYNEWSROOM.COM

The last time the federal minimum wage was increased was back in 2009.

In his State of the Union Address Tuesday, Democratic President Barack Obama proposed increa...

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