Revenues for the month of May exceeded estimates for the sixth month in a row in New Jersey. Income tax collections hit an all-time high for May and sales taxes showed continued strength. The announcement came today from State Treasurer Andrew Sidamon-Eristoff.
Federal regulators are accusing former New Jersey Governor Jon Corzine of failing to properly manage MF Global, which misused customer funds before its 2011 collapse.
Released this morning, an Office of the State Comptroller (OSC) review of five local governments has found repeated waste of taxpayer dollars on excessive or improper payments for legal services, including one town that paid a salary for an attorney with no job duties at all.
President Barack Obama is declaring common cause with Israel, highlighting the bonds between the United States and its Mideast ally. He says he has made Israel the first stop of the first trip of his second term to restate his commitment to Israel's security.