New Jersey Gov. Chris Christie addresses the Republican National Convention in Tampa, Florida in August 2012.
Nancy Solomon, managing editor for New Jersey Public Radio, talks about S&P's downgrading of NJ's economic outlook from "stable" to "negative."
If I remember correctly, this morning Solomon suggested that Woodbridge may suffer a downgrade from Moodys. She suggested that the extra costs of emergency services combined with losses like the Hess Plant's productivity would be too difficult for a town that relies on property taxes entirely for budgets. Ms. Solomon should know by now that Woodbridge is the exemplary muncipality in the entire state that is consolidating 10 different towns into a single entity, thereby saving huge amounts of money on the emergency services and other services she's so worried about. We buy everything in bulk, Ms. Solomon, including fire, police, water, sewer, repaving the road surfaces, filling in potholes, garbarge, recycling (and we do a LOT of recyling since we are the most green municipality in the state for 3 years running), etc. etc. etc. etc. Not to mention our mayor was the former treasurer of the state and knows how to work a budget, big-time. Gosh, let's get the facts straight before we broadcast it all over the tri-state area. Why not.
To paraphrase the great Mae West, Chris Christie should lay off the candy bars.
If it affects NJ bonds the way it affected US bonds NJ could benefit. ;-)
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