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Budget

NJ’s Hefty Unfunded Liabilities Matter of Concern to Outside Analysis

John Reitmeyer | November 3, 2017 | Budget

State barely escapes earning a failing grade for its overburdened pension system, long-term obligations from Volcker Alliance

Budget Basics: New Jersey’s Fiscal Future, a Path to Improvement

Richard F. Keevey | October 19, 2017 | Budget, Budget Basics
A series that details the fundamentals of New Jersey's budget, as well as its current budget woes
High-Tax Connecticut a Cautionary Tale for New Jersey?
John Reitmeyer | October 19, 2017 | Budget
Despite increasing taxes, the Nutmeg State has suffered budget shortfalls and credit-rating downgrades. What lessons can NJ learn from its neighbor?
Budget Basics: How the State Budget Is Developed and Revenue Estimated
Richard F. Keevey | October 13, 2017 | Budget, Budget Basics
A series that details the fundamentals of New Jersey's budget, as well as its current budget woes
Budget Basics: Surplus and Deficits — How Are They Computed?
Richard F. Keevey | October 5, 2017 | Budget, Budget Basics
A series that details the fundamentals of New Jersey's budget, as well as its current budget woes
NJ Public Pension Fund Returns Over 13 Percent, Outpacing Expectations
John Reitmeyer | October 5, 2017 | Budget
State expects to put $2.5 billion into pension system in 2018 fiscal year, still far short of what’s needed to restore it to good health
Are Democrats Dragging Their Feet on Arbitration Cap for Cops, Firefighters?
John Reitmeyer | September 21, 2017 | Budget
Republicans argue if interest arbitration cap is allowed to expire, salary increases won by public-safety employees could mushroom
Tax Relief for Hurricane Victims with Financial Ties to New Jersey
John Reitmeyer | September 18, 2017 | Budget
NJ Treasury officials follow IRS lead, extend filing deadlines for those hit by Harvey, Irma who have financial links with Garden State
Business Leaders Say Find Fixes for NJ’s Financial Woes Before It’s Too Late
John Reitmeyer | September 7, 2017 | Budget
Pointing to recent lack of substantive legislation, members of business community argue that high taxes and underfunded pension system aren’t taking a summer break
Taxing and Regulating Fantasy Sports Means Real Revenues for NJ
John Reitmeyer | September 5, 2017 | Budget
Besides translating into millions of much-needed dollars, new rules also put in place much-needed consumer protections
Moody's Says NJ Still a Gamble, Despite Pension Fund Tapping Lottery Revenues
John Reitmeyer | August 17, 2017 | Budget
Credit-rating agency also warns of difficulties servicing growing pension payments, but does not reduce state’s A3 ranking
It’s No Jackpot, But Online Gambling Tax Contributes Millions to NJ's Coffers
John Reitmeyer | August 15, 2017 | Budget
Although tax revenue from Internet gaming has not met some supporters’ projections, it’s becoming a reliable source of cash for the state’s annual budget
Thaw for Senior Freeze Property-Tax Relief Frozen Out of 2018 Budget
John Reitmeyer | July 31, 2017 | Budget
Many NJ seniors won’t qualify for property-tax reimbursement because program was capped at $70K following Great Recession — and that’s where the cap remains
State’s New Ways to Pay into Public-Pension System ‘Huge Step in Right Direction’
John Reitmeyer | July 28, 2017 | Budget
Starting this month, New Jersey’s chronically underfunded public pensions are going to benefit from Lottery funds as well as from more regular payments by the state
One for the Books: $125M Library Bond Issue on November Ballot
John Reitmeyer | July 25, 2017 | Budget
If the bond sale is approved, it will be the first sizable chunk of money NJ libraries have gotten since $45M grant program almost 20 years ago
Time to Take Another Crack at Closing the State’s Budget Gap?
John Reitmeyer | July 24, 2017 | Budget
Consensus forecasting, according to advocates, could eliminate the ‘April surprise’ that sends the state scrambling to make up funds when tax collection projections don’t match reality
Tell Us What You Want to Know About New Jersey’s Finances
NJ Spotlight Staff | July 19, 2017 | Budget
Your questions can help shape our coverage of this admittedly complex subject. Use this interactive tool to tell us what you want to know more about
Race to the Bottom: NJ Ranked Dead Last of All 50 States for Fiscal Health
John Reitmeyer | July 18, 2017 | Budget
Persistent underfunding of public-employee pension system looks to have been a key factor in dismal showings in state-by-state comparisons
Push to Find Funding for Local Journalism — While Trenton Is ‘out of Town’
John Reitmeyer | July 17, 2017 | Budget
Grass-roots effort to tap into cash from sale of public airwaves will continue through summer and into 2018 if need be, organizers say
Gov Touts Lottery as Answer to NJ’s Pension Problems, but Critics Deride Plan
John Reitmeyer | July 6, 2017 | Budget, Politics
A wise policy change? That depends on how the Lottery performs over the next 30 years
With Budget Signing, State is Back in Business — Just in Time for the 4th
John Reitmeyer and Lilo H. Stainton | July 4, 2017 | Budget, Politics
Legislative triple play — budget, Horizon bill, and Lottery transfer — break the logjam that brought all but essential services to a standstill across state
Budget Deadlock Stretches into Day 3, Thousands of State Workers Idled
John Reitmeyer | July 3, 2017 | Budget, Politics
Governor has summoned lawmakers back to Trenton for morning meeting; Prieto and Horizon CEO agree to try to talk through differences
State Government Goes Dark
John Reitmeyer | July 1, 2017 | Budget, Politics
Lights out in Trenton as frustrated horse-trading can’t break the deadlock over state budget, leading to first government shutdown in more than a decade
Showdown or Shutdown: Will Dems Deliver on Deal Sweeney Cut with Christie?
John Reitmeyer | June 30, 2017 | Budget
In return for passing the Horizon and Lottery-transfer bills, the governor says he’ll sign the budget — and keep his veto pen to himself. Meanwhile, the budget-countdown clock keeps ticking
Extensive and Expensive: Coming to Terms with NJ’s Fiscal Challenges
John Reitmeyer | June 29, 2017 | Budget
First report in a new series takes a nonpartisan approach to fixing the state’s financial faults, from cutting back on retiree benefits to boosting the sales tax
Budget Committees in Upper and Lower Chambers Approve $34.7B Spending Plan
John Reitmeyer | June 27, 2017 | Budget
But even if plan passes full Legislature and goes to Christie in time, could New Jersey still be facing a government shutdown?
Getting Ballot Question on the Books for $125M Bond Sale for Local Libraries
John Reitmeyer | June 26, 2017 | Budget
If the lawmakers, governor, and residents go for it, bonds would fund matching grants to help libraries with capital projects
Increasing Fiscal Transparency by Tracking, Reporting on Unspent Funds
John Reitmeyer | June 22, 2017 | Budget
Bipartisan effort would keep tabs on money allocated to programs and endeavors that is sometimes left to languish in various state accounts
Sweeney, Prieto to Christie: School Funding First, then We’ll Do the Budget
John Reitmeyer | June 20, 2017 | Budget
Legislative leaders want governor to agree to school-aid formula independent of budget, so Christie can’t line-item veto changes he doesn’t like in the spending plan
NJ Treasurer Pitches Plan to Use Lottery to Help Prop Up Public-Worker Pensions
John Reitmeyer | June 16, 2017 | Budget
Some lawmakers appear receptive to idea; others want Wall Street to vet the scheme, while union skepticism makes itself heard
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