Financial Disaster: New Jersey Prepares to Raise Taxes on ‘Almost Everything’

(ZHE) — Last week we noted that in what was a radical U-turn to what other public pension funds have been doing in recent years – most notably Calpers  – the struggling New Jersey public pension system decided that instead of lowering its expected rate of return, it would raise it, from 7% to 7.5%. The simple reason behind this odd […]