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The Jaffe Briefing - October 20, 2017

OUR TAKE ON THE NEWS IN NEW JERSEY
 
CAMDEN - Troubled. Crime-infested. Failing. Pick your own tried-and-true adjective to describe Camden. But even the haters have a tough time ignoring that plenty is being invested in our southern waterfront city. Just yesterday, a whole bunch of important people broke ground on the Joint Health Sciences Center, a 95,000-square-foot building promising to generate about $72 million in economic impact in this apparently "troubled, crime-infested, failing" city. With word that education and medicine are the strongest growing sectors in New Jersey, and expected to create 24,000 or so jobs over the next decade in Camden, the narrative looks like it is finally changing. Time for new adjectives.

Posted in Morning Briefing

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The Jaffe Briefing - October 19, 2017

OUR TAKE ON THE NEWS IN NEW JERSEY
 
ON THE CAMPAIGN TRAIL - There was actually some substantive discussion in last night's scrappy gubernatorial debate about the state pension fund, currently about $66 billion underfunded. The fund would swallow up about $5 billion in the state treasury, if there was money to fully fund it. Phil Murphy wants to shore up the pension, somehow, and then discuss changes. Kim Guadagno wants to negotiate with the unions now, as new, bright-eyed employees are being hired and still being told they will have a pension when they retire. Either way, as the pension problem won't magically disappear, people won't be happy - another joy the next governor must deal with.

Posted in Morning Briefing

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The Jaffe Briefing - October 18, 2017

OUR TAKE ON THE NEWS IN NEW JERSEY
 
STATEWIDE - (Amazon, please don't read this blurb.) We all know New Jersey is Number One, so it's no surprise the Tax Foundation has found the state is tops when it comes to the most onerous, least competitive tax code in the entire country, NJ 101.5 reports. The foundation combed through all the tax codes in the country - which must have been fascinating work - and found that New Jersey is dead last in competitiveness. We got it all: High taxes for corporate, individual income, property, sales and unemployment insurance. And not only that, New Jersey's tax structure is insanely complex, adding another level of unfriendliness for businesses considering a big move here.

Posted in Morning Briefing

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The Jaffe Briefing - October 17, 2017

OUR TAKE ON THE NEWS IN NEW JERSEY
 
NEWARK - The stars keep coming. Phil Murphy is calling in plenty of favors as a leading Democratic fundraiser, as all the stars of the Democratic Party are steadily streaming into New Jersey to stump for him as governor. There was Joe Biden. There was Al Gore. And now, TAPInto Newark reports, that Barack Obama will be at the Robert Treat Hotel on Thursday afternoon. It is invitation-only, of course, so please bring your wallet. Next up: Hillary Clinton on Sunday in Harrison.

Posted in Morning Briefing

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