A new report says New Jersey’s pension fund didn’t live up to expectations last year. NJ.com reports that the fund brought back 7.27 percent, but that is short of the 7.9 percent expectations. New Jersey is in a huge pension hole based on previous unpaid liability. The fund is short roughly $37 billion.
New Jersey’s two United States Senators on Friday asked President Obama to kill a plan that would result in offshore drilling near the New Jersey coastline. Senators Robert Menendez and Cory Booker were unified in asking the President to drop a proposal to open part of the Atlantic coastline to oil and gas drilling. The…
A 22 year old Westville man is guilty on charges that he dragged a New Jersey State Trooper during a traffic stop two years ago on Route 55. Daren J. Rebel has been convicted on a charge of aggravated assault while eluding police. Rebel dragged a State Trooper with his vehicle near Deptford while traveling…
New Jersey’s pension fund earned money last year, but it’s still very broke and going further in debt. State figures released before the weekend show the state’s pension fund earning 7.3 percent last year, but it needed to earn at a 7.9 percent clip in order to prevent it from going further in debt. New…
A revised version of the college affordability bill is headed back to Governor Christie after passing the state Assembly on Thursday. The governor vetoed the bill last year because it called for staff from the executive branch to work on the study, which he said would duplicate the work done by the Office of the Secretary…
A bill approved by the N.J. State Assembly on Thursday would allow minors to get mental health treatment confidentially and without seeking permission of an adult. The bill, named “Boys & Girls Clubs Keystone Law” would add mental illness and emotional disorders to the list of conditions already allowed by state law for minors to seek treatment…
On Friday another milestone could be reached by a local girls high school basketball player. Wildwood Catholic’s Olivia Rulon needs just 13 points against Buena on Friday to reach 1,000 points for her career. Rulon scored 31 points in her team’s win against Cape May Tech on Thursday night. Last Friday, Lower Cape May’s Lauren…
Could Atlantic City be the next United States municipality to file for bankruptcy? Senate President Steve Sweeney thinks that is the next move for Gov. Chris Christie. Sweeney spoke on Thursday regarding Christie hiring two bankruptcy specialist to assist the city with its financial issues. Moody’s downgraded the credit rating for Atlantic City off the…
An Atlantic City man was sentenced to 10 years in prison for engaging in a conspiracy to distribute heroin with Mykal Derry, a leader of the “Dirty Block” criminal street gang. Aree Toulson, a/k/a “Beyah,” a/k/a “Beyeazz,” 26, previously pleaded guilty to a superseding information charging him with one count of conspiracy to distribute and…
A financial emergency in Atlantic City is a windfall for its new manager. A new report by the AP says the emergency manager of Atlantic City will make $135,000 per years. Kevin Lavin was named the manager by Gov. Chris Christie, to help lead Atlantic City through its financial crisis. The salary will be paid…