The Department of Community Affairs issued a press release and the Division of Local Government Services issued a more detailed Local Finance Notice
2013-06 designed to help those individuals involved in note and bond sales - particularly note and bond sales in communities hard-hit by Superstorm Sandy. The material amounts to an explanation as to why New Jersey's local government debt is a sound investment option with special information explaining why this is the case even with respect to debt issued by municipalities particularly hard-hit by Superstorm Sandy.
The material in these documents goes beyond the immediate needs of those who are seeking Superstorm Sandy information. It generally provides a refresher as to why New Jersey's unique system of financial oversight has made local debt in New Jersey some of the most stable investment options in the country.