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New Jersey’s long-term finances again rank worst in nation

OCTOBER 7, 2019 | by Michael Symons | NEW JERSEY 101.5 FM

By Michael Symons, includes “ … It’s kind of like you’re putting your groceries on your credit card,’ she said. ‘And so the state has chosen to pay $209 billion in the future, but they do owe that balance right now.’ … Truth in Accounting recommends the states use what Weinberg called ‘fact based budgeting’ that includes full accrual calculations and techniques. ‘So they couldn’t do games like recording loan proceeds as revenues,’ she said.”

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