

Nathaniel Styer
183 posts

@necs
Find me at @necs.bsky.social





This can be dangerous and the council/mayor should be careful here - Every major municipal fiscal crisis of the last 50 years has a common thread: cities that deferred pension contributions during hard times and never caught up. Detroit. Chicago. Puerto Rico. The short-term relief becomes a permanent structural hole. Pension deferrals aren’t free money they’re the most expensive borrowing a city can do. Unlike a bond, you can’t restructure a pension obligation. Once you’re behind, you’re behind forever (just ask NJ)

This can be dangerous and the council/mayor should be careful here - Every major municipal fiscal crisis of the last 50 years has a common thread: cities that deferred pension contributions during hard times and never caught up. Detroit. Chicago. Puerto Rico. The short-term relief becomes a permanent structural hole. Pension deferrals aren’t free money they’re the most expensive borrowing a city can do. Unlike a bond, you can’t restructure a pension obligation. Once you’re behind, you’re behind forever (just ask NJ)

This can be dangerous and the council/mayor should be careful here - Every major municipal fiscal crisis of the last 50 years has a common thread: cities that deferred pension contributions during hard times and never caught up. Detroit. Chicago. Puerto Rico. The short-term relief becomes a permanent structural hole. Pension deferrals aren’t free money they’re the most expensive borrowing a city can do. Unlike a bond, you can’t restructure a pension obligation. Once you’re behind, you’re behind forever (just ask NJ)


DUI case for former top #JerseyCity aide pushed 2 weeks, may pursue new venue hudsoncountyview.com/dui-case-for-f…











It’s a delicate balance: affordability and rising taxes are both squeezing NYC’s entrepreneurial engine. If talent can’t afford to live here, founders leave. If startup taxes run nearly 2x New Jersey a mile away (as proposed), they build elsewhere. The real fix is serious government efficiency - politically hard, but that’s leadership. inc.com/leah-carroll/n…