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The Jaffe Briefing - December 1, 2017

OUR TAKE ON THE NEWS IN NEW JERSEY
 
ON THE FAULT LINE - On the official last day of hurricane season, New Jerseyans got a taste yesterday of Mother Nature's potential wrath when a 4.1-magnitude earthquake hit Delaware - the biggest news to hit that state since the birth of Joe Biden. NJ.com reports tremors were felt from New York City to Atlantic City. Unfortunately, the quake was not enough to topple the blighted and vacant Trump Plaza. Damn those quality contractors, still likely unpaid.

Posted in Morning Briefing

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The Jaffe Briefing - November 30, 2017

OUR TAKE ON THE NEWS IN NEW JERSEY
 
ON THE CAMPAIGN TRAIL - It cost more than $12 a vote for Phil Murphy to win the big job, in what was the second most expensive gubernatorial race in New Jersey's history. NJ 101.5 reports Murphy spent $14.5 million directly; Kim Guadagno spent $5.6 million. There was a total of nearly $80 million blown on this campaign, yet had the lowest voter turnout in state history. Guadagno was only able to get 900,000 votes, the fewest for a GOP nominee since 1989. So, what do all these fun facts mean?  Lots of special interest money is at play in New Jersey, and the voter is fast asleep.

Posted in Morning Briefing

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The Jaffe Briefing - November 29, 2017

OUR TAKE ON THE NEWS IN NEW JERSEY
 
STATEWIDE - Welcome, Phil Murphy, to the harsh reality of governing, with a $1.2 billion hole in the upcoming budget. While Murphy is talking about increasing school aid, funding pensions, tuition support for county colleges, more women's health programs, etc., the bean counters are wondering where the cash will magically appear. An important op-ed in yesterday's Record spells out the dilemma in fiscal '19. But it also rings alarm bells for the remainder of fiscal '18, with a state surplus of barely 1 percent. Headaches abound, like the fact that only $10 million is budgeted for snow removal, yet the state averages $70 million a winter based on storms. Or the fact the budget includes millions in anticipated savings -  all unidentified and unrealized. Expect some wild finger-pointing very quickly.

Posted in Morning Briefing

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The Jaffe Briefing - November 28, 2017

OUR TAKE ON THE NEWS IN NEW JERSEY
 
IN THE DONOR CIRCLE - Today is the philanthropic version of Valentine's Day, when every charity hits your inbox and asks for well-deserved support. The clickbait website WalletHub.com reports that New Jerseyans earning between $25,000 and $50,000 on average give 6.8 percent of their income, but the wealthy seem to be cheaper. Those making between $200,000 and $500,000 give only 2.6 percent. To make matters worse, WalletHub ranks New Jersey a paltry 36th among the most charitable states. So, don't expect much enthusiasm for the much-debated Millionaire's Tax among our state's martini-swilling set. But we hope they blow at least some dust off their wallets today to mark #GivingTuesday.

Posted in Morning Briefing

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