Deputy SpeakerWelcome to my Virtual District Office!
This page has been created to make it easier for you to learn how my office can be your advocate in Trenton and to get answers to some common questions about state government. In addition, you can visit the Web page of your town from the links below. You also can click to send me and my staff an e-mail. Whether you have a problem that needs to be solved or just want to send your opinion on a pressing state issue, my office is at your service.
As we move forward, this page will be updated and expanded, so please visit often.
WISNIEWSKI: MOODY'S 'CREDIT NEGATIVE' VIEW OF 2 PERCENT CAP OMINOUS PORTENT FOR NJ TOWNS
Municipalities Up for Bond Rating Review could be Negatively Impacted by Cap
Assemblyman John S. Wisniewski (D-Middlesex) issued the following statement Wednesday after it was reported that Westfield, a Union County municipality with a median household income of $146,110 -- more than twice the national average -- had its debt rating reduced by Moody's Investors Service:"Moody's downgrading of Westfield's bond rating should sound a warning klaxon for every other town in the state.
"Any projected property tax savings towns were expecting under the 2 percent cap will be offset by higher interest rates and borrowing costs from reduced bond ratings..."
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