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

April 15, 2026 | 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.

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NJ SEED: NJ carries very substantial debt, so it is always good news whenever some portion of the debt can be reduced.