Hackensack University Medical Center’s application to reopen Pascack Valley Hospital as a full-service hospital was approved by the State Health Planning Board, clearing a key hurdle to the facility’s reopening.
Despite a slight increase in operating margins, 30 percent of New Jersey's hospitals posted operating losses for 2010, according to the 2011 Financial Status of New Jersey Hospitals report, released Monday by the New Jersey Hospital Association.
The loss of revenue for the state and the loss of competition for retailers in New Jersey "compounds daily," said New Jersey Retail Merchants Association president John Holub, because of online retailers that avoid the 7 percent sales tax.
Over the past two years, New Jersey has developed a deep lineup of major sports events: NCAA Tournament basketball, the Ironman Triathlon, the Special Olympics, Formula One racing and, most visible of all, the 2014 Super Bowl.
The Senate commerce committee on Monday unanimously voted in favor of allowing gasoline companies to offer rebates to customers in New Jersey. It now awaits its chance before the full Senate, which could come Dec. 15.
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