The state has released its Comprehensive Annual Finance Report for the 2015 fiscal year, posting the 373-page document on its website this week. The report provides an overview and analysis of the state’s financial […]
Pension Fund Off 6.61 Percent This Year
The state pension fund is down 6.61 percent for the fiscal year through February, officials said March 23, in large part because of a volatile stock market. That’s .94 percent worse than benchmark and […]
NJPSA Testifies Before Assembly & Senate Budget Committees On FY2017 Budget
NJPSA testified before the Assembly and Senate Budget Committees on March 21 and 22, raising concerns with diversion from the School Funding Reform Act (SFRA) as well as the need for a systemic funding […]
NJ Principals Visit Capitol Hill
Nicole Moore, President Elect, and Fidelia Sturdivant, Immediate Past President of the New Jersey Principals & Supervisors Association visited with several members of Congress earlier this week. Principal Moore & Principal Sturdivant had an […]
Dip In State Revenues May Lead to Budget Gap Stretch
State revenue collections have dipped slightly below the projected growth rate for the fiscal year, raising the possibility that the State may have to close a budget gap by summer. February revenue collections fell […]
NJDOE Announces Awards in Achievement Coaches Teacher Leadership Program – Districts Will Receive Share of $1M
Fifteen school districts will share $1 million in grant funds to participate in the state’s Achievement Coaches initiative, the New Jersey Department of Education announced March 16. Launched last year, the Achievement Coaches program […]
JPS Committee Takes Testimony On High School Grad Requirements
The Joint Committee on the Public Schools took testimony from the Education Law Center (ELC) March 15 on New Jersey’s graduation requirements. Stan Karp, Director of the Secondary Reform Project at ELC urged the […]
NJ Supreme Court Hears COLA Case
The New Jersey Supreme Court heard arguments March 14 around whether the 1997 law that guarantees public employees a ‘non-forfeitable’ right to a certain pension benefit includes a yearly cost-of-living adjustment (COLA) to that […]
Moody’s Finds Pension Flexibility A Short Term Positive But Long Term Detriment
Moody’s Investor Service reported Friday that the “benefit of near-term flexibility” provided by allowing annual pension contribution shortfalls does make it increasingly difficult for the pension to keep up with its costs but does […]
Joint Committee on Public Schools Elects Leadership, PARCC Panel Planned For Tomorrow
The Joint Committee on the Public Schools held its reorganization meeting March 14 in the Statehouse, where Sen. Ronald Rice and Assemblywoman Mila Jasey were re-elected as co-chairs. The group is expected to meet […]