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TRENTON — A little bit of sobering but unsurprising information this week from Moody’s Investors Service, which says New Jersey is one of two states inside the worst role to address a potential recession. A meager surplus and whopping pension legal responsibility are the prime culprits. New Jersey ranked across the middle of the percent for its revenue volatility and financial flexibility for responding to a downturn. “Twenty- states are higher prepared. Most are mild, and the simplest two are less nicely organized – that’s New Jersey and Illinois,” stated Emily Raimes, the file’s lead writer and a VP and senior credit officer at Moody’s. Raimes said Moody’s checked out each nation’s largest single-12 months sales decline considering that 1990 and compared a repeat of that loss to the state’s present-day surplus. Only Pennsylvania rated worse. “New Jersey has meager amounts of reserves and so might not be capable of…