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The Jaffe Briefing - September 27, 2017

OUR TAKE ON THE NEWS IN NEW JERSEY
 
TOMS RIVER - Taxpayer money is being used for books, teachers and... a private investigator? The Toms River regional schools have hired its own version of Magnum PI to learn who leaked a sexual harassment complaint against Superintendent David M. Healy to the Asbury Park Press and other media outlets this summer. The newspaper received an email  Monday night from the private investigator. Magnum writes: "I am waiting to hear from a few others but expect to be in Toms River on Thursday, September 28, 2017. Each interview will be brief. I would plan for fifteen to twenty minutes at a maximum. We are trying to get our interviews done on a timely basis so your cooperation is appreciated."  The Asbury Park Press response: Uh, no thanks.

Posted in Morning Briefing

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The Jaffe Briefing - September 26, 2017

OUR TAKE ON THE NEWS IN NEW JERSEY
 
NEWARK - President Cory Booker? Hard to imagine, as it seems like just yesterday he was a young, scrappy councilman in Newark. But, it is never too early, apparently, to talk about 2020 and which Democrat has the best chance of trumping our President. A Suffolk University poll says 44 percent of the state's Democrats think Booker should take a whack at running for President, compared with 27 percent who like him remaining in the Senate. Booker is already a mainstay on the national fundraising circuit, more than happy to do some star-studded favors for colleagues now, for some payback to be determined later. A fun fact: If Booker ran, he would be around the same age, and have the same experience, as another Presidential candidate from 2008: Barack Obama.

Posted in Morning Briefing

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The Jaffe Briefing - September 25, 2017

OUR TAKE ON THE NEWS IN NEW JERSEY
 
TRENTON - We all love our government workers, who deserve to be comfortable in retirement. It's just this nagging problem of the state having the worst finances of any in the nation. And it is why we actually agree (gulp) with Gov. Chris Christie in his effort to limit the six-figure payouts to retirees for unused sick and vacation time. Christie is proposing that, going forward, unused time should be paid at the rate the worker was being paid when he or she banked it, NJ 101.5 reports. "If you didn't use a sick day 20 years ago when you were getting paid $50,000 a year," Christie says, "but now 20 years later you're getting paid $125,000, why should you get paid for the sick day from 20 years ago at the rate that you're earning today?" The argument makes sense. If a firefighter banks a sick day, and then one day is promoted to chief, why are taxpayers paying a ridiculously inflated rate?

Posted in Morning Briefing

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The Jaffe Briefing - September 20, 2017

OUR TAKE ON THE NEWS IN NEW JERSEY
 
TRENTON - In all the fluff of a political season - when all candidates promise to save the world in exchange for your precious vote - there's one issue that needs addressing: the F grade that our state finances have received from Truth in Accounting - a think tank that analyzes government financial reporting. Of no surprise, the think tank claims the state's finances have been in a free-fall over the past three years and now New Jersey is in the worst financial shape of any state. A glaring, not-so-fun fact: If you divide the amount of money needed to pay all of New Jersey's outstanding bills by the number of state residents, each taxpayer's burden is $67,200. Why such a mess? Because of promising benefits, pension and retiree healthcare benefits over the years with no clue how to pay the $180 billion or so. And plenty of accounting gimmicks to show there is money to pay for the perks.

Posted in Morning Briefing

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