Colligan thanks Murphy, Sweeney for pension bill

With the budget fight over, New Jersey Police Benevolent Association (PBA) President Pat Colligan is taking the time to thank lawmakers for handing the reins of the Police and Firemen’s Retirement System to the pension system’s board of trustees. “The signing of Senate Bill 5 into law will have a profound impact on the future of our retirement system and it places in the hands of PFRS members and their

Lawmakers reach last-minute budget deal

Lawmakers have reached a budget deal in Trenton, with Gov. Phil Murphy giving the most room on a compromise, handing Senate President Steve Sweeney and Assembly Speaker Craig Coughlin a good deal of power heading into the next fiscal year but averting an embarrassing government shutdown. Sources say Murphy agreed to a multi-millionaire tax bracket that kicks in at $5 million, a larger figure than the $1 million breakpoint sought