Why are our wallets lighter? Two must reads

Two must reads, one from The Record of Bergen County and one from the Star Ledger shed a bright light on why most of us have a few less bucks in our wallets these days.

The first, from Shawn Boburg at The Record details hidden payments many Port Authority employees receive in addition to their salaries.  Though the Port Authority is funded by tolls, the PANYNJ attorneys somehow feel the public is not entitled to know about the payments that in some cases total an additional $70,000. Releasing information on the toll-funded salaries would be an invasion of privacy, the Port’s attorney told The Record. In all, Boburg writes, the payments totaled more than $2 million over a two year span.

The second, from Jarrett Renshaw at The Star Ledger, describes how a 2007 Supreme Court decision has led to a record number of public employees seeking permanent disability payments. One guy shot himself in the hand with staple gun and is seeking a permanent accidental disability claim.

Wondering why the “tool kit” and the tax cap have done little to put money back in your pocket?  Wonder no more.

Why are our wallets lighter? Two must reads