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9 months ago
BRIEF-Moody's says New Jersey's tax plan has negative implications for state's general fund
October 10, 2016 / 1:27 PM / 9 months ago

BRIEF-Moody's says New Jersey's tax plan has negative implications for state's general fund

1 Min Read

Oct 10 (Reuters) - Moody's :

* Moody's says New Jersey's tax plan has negative implications for state's general fund

* Moody's - although renewed capital investment will benefit New Jersey's infrastructure and economy, net effect of revenue package is credit negative

* Moody's - rapid pension cost growth and below-average revenue growth are driving New Jersey's current budget challenges

* Moody's says U.S. Federal court upholding Detroit's pension cuts is credit positive for Detroit

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