Pennacchio argues that lopping taxes by 1 percent would stimulate state’s economy, encourage companies to relocate here
But somewhat brighter fiscal outlook may put pressure on Christie to accelerate payments into pension fund
After state provides start-up capital, new financial institution would then provide low-interest loans for infrastructure, new schools and other projects
If court rules COLAs can’t be suspended -- as 2011 law allows -- state could be out $70 billion in projected savings over next three ...
Senate president makes clear $50 billion in federal funds would be borrowed -- not a handout or bailout
‘Crowdfunding’ to generate capital billed as one way to reinvigorate state’s sluggish economy
Filing doesn’t challenge recent NJ Supreme Court ruling that Christie could legally withhold payments to state workers’ retirement fund
At yesterday’s meeting, officials admit it’s tough to get free of unsavory investment; pension-fund officer calls for forensic audit of fees paid to hedge-fund managers
Major players have plans, strategies of their own, making consensus unlikely in short term
A proposal under consideration in the Legislature would permit towns to surpass the cap -- if doing so lets them qualify for matching-fund grants
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