As NJ Reduces Bonded Debt, Other Long-Term Costs Rise

njspotlightnews.org

New Jersey’s total bonded debt once again has gone down, with the latest year-over-year reduction bringing the amount owed to investors below $39 billion.

The state’s nonbonded obligations, which include estimates of the long-term cost of pension and health benefits owed to public workers, increased by nearly $10 billion, year over year, according to the financial report for the 2025 fiscal year.