McKeon Applauds S&P’s Decision to Upgrade NJ’s Credit Outlook

Following the decision by S&P to upgrade the outlook for New Jersey’s general obligation bonds from stable to positive, Assemblyman John McKeon (D-Essex, Morris) issued the following statement:

 

“S&P’s decision, along with other recent credit rating and outlook upgrades, makes it clear that New Jersey is on the right path forward. Over the past budget cycles, we have prioritized New Jersey’s future with investments to build our surplus, pay down our debt, and fully fund our pension system to ensure our obligations are met. I am proud of what our continued commitment to fiscal responsibility has accomplished for our State.”