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Budget

Raucous Meeting of Pension-System Managers Ends in Cliffhanger

John Reitmeyer | May 26, 2016 | Budget

Board deadlocks over how heavily to invest in hedge funds, with public employees pushing for 4 percent cap

Christie Misses Tax-Revenue Estimate, Blows $600M Hole in Current Budget

John Reitmeyer | May 19, 2016 | Budget
Administration will make across-the-board cuts and tap Clean Energy Fund, but says it will not touch scheduled pension payments
Backers of Tax Cuts Argue They’re The Cure for NJ’s Budget Woes
John Reitmeyer | May 20, 2016 | Budget
Opponents say tax-revenue shortfall is already cutting into services and programs delivered by the state
Not a Pretty Picture: New Jersey Third Most-Indebted State in the Union
John Reitmeyer | May 18, 2016 | Budget
NJ’s finishes third from the bottom when it comes to total debt, as well as unfunded pension and unfunded retiree-healthcare costs
Out-of-Date Data Shortchanges Recipients of Homestead Tax Rebates
John Reitmeyer | May 4, 2016 | Budget
The calendar may say 2016, but Homestead credits are based on 2006 property taxes, which were typically 30 percent lower than today’s
Could Democrats Cut a Deal on State Tax Deduction for Charitable Contributions?
John Reitmeyer | April 29, 2016 | Budget
They might, as part of a swap on gas-tax hike; meanwhile, Republicans claim charitable deduction would benefit nonprofits -- as well as the wealthy
Democratic Legislative Leaders Look to Craft Veto-Proof ‘Tax-Fairness’ Plan
John Reitmeyer | April 27, 2016 | Budget, Politics
With Christie unenthusiastic about gas-tax hike and cuts to estate tax, lawmakers hope to make an end-run around the governor -- and his veto
Socially Responsible Investing for Public Employee Pension Fund?
John Reitmeyer | April 25, 2016 | Budget
With $70 billion at their disposal, pension-fund managers, according to some experts, need to consider both the return on investment and the types of companies being invested in
State Supreme Court Ruling on Public Employee Pensions Could Burden System
John Reitmeyer | April 21, 2016 | Budget
If top court decides to restore cost-of-living adjustments for retirees it could mean another $13B to state’s unfunded pension liability
Sen. Beck Backs New Plan to Triple Estate-Tax Threshold to $2.5 Million
John Reitmeyer | April 19, 2016 | Budget, Politics
Raising limit would exempt about 90 percent of those now hit by tax, still preserve some revenue for various programs
State Treasurer Calls Increase in Taxes Inevitable Without Benefits Reforms
John Reitmeyer | April 7, 2016 | Budget
With employee costs rising 15%-20% and revenues rising 3%, official calls equation ‘unsustainable’
Christie’s Treasurer Says Transit Funding to Be Negotiated with Lawmakers
John Reitmeyer | April 6, 2016 | Budget
While revenue forecasts are somewhat rosy, transportation fund needs and cost-of-living court case could blow holes in budget
Fine Print: Christie Uses ‘One-Shot’ Revenue Sources to Help Balance Budget
John Reitmeyer | March 30, 2016 | Budget
But fiscal technique accounts for less than 1 percent of total spending, governor’s lowest in seven years
Many Happy Returns: ‘Alternative’ Investments Buoy State Pension Plan
John Reitmeyer | March 24, 2016 | Budget
Rate of return exceeds projections but union officials question millions in fees paid to Wall Street
Lawmakers Hear Pleas for More State Funding for Transit, Schools, Cities
John Reitmeyer | March 23, 2016 | Budget
Legislators hold final public hearing on budget; work now begin on details of spending plan for FY2017
Why Can't New Jersey Residents Deduct Donations They Make to Charity?
John Reitmeyer | March 22, 2016 | Budget
Federal write-off for charitable gifts would be extended to those filing state income-tax returns
Wide Array of Concerns Aired at State Budget Hearing in South Jersey
John Reitmeyer | March 17, 2016 | Budget
Legislators hear about issues of particular interest to residents of southern part of the state
Arguments Over Cost-of-Living Raises Heard by State’s Highest Court
John Reitmeyer | March 15, 2016 | Budget, Politics
Retired NJ public workers, attorney general clash over whether law requires payments
Senator Proposes Using Budget Surplus to Boost State Pension Payment
John Reitmeyer | March 14, 2016 | Budget
Calls for taking $500 million of expected extra revenue to nearly double additional contribution proposed by Christie
Assembly Budget Committee Hears Pleas to Stick to State’s School-Aid Formula
John Reitmeyer | March 10, 2016 | Budget
Crowded classrooms and disrepair of buildings in Paterson cited as examples of impact of annual funding shortfall
Democrat’s Tax Break for Low-Wage Earners Would Be Second in Two Years
John Reitmeyer | March 8, 2016 | Budget, Politics
Assembly Speaker Prieto makes rare appearance before committee to urge lawmakers to boost NJ’s already generous Earned Income Tax Credit to 40 percent of federal allowance
Public Gets Chance to Offer Views on Christie’s Proposed Budget for FY2017
John Reitmeyer | March 7, 2016 | Budget
Legislators schedule five hearings around NJ; fuel tax and estate tax remain key elements left out of spending plan
Democrats Get Behind ‘Tax Fairness,’ Hoping Christie Will Back Gas-Tax Hike
John Reitmeyer | March 1, 2016 | Budget, Politics
But governor argues there is no linkage during radio interview, saying it’s up to legislators to present him with a plan
NJ Remains One of Most Indebted States in Nation, Thanks to Recent Borrowing
John Reitmeyer | February 29, 2016 | Budget
But annual report illustrates that rate of growth of NJ’s debt has slowed during past decade
Modest Midyear Adjustments Could Mean Healthier Budget for Current Year
John Reitmeyer | February 18, 2016 | Budget
Growing budget surplus another sign that state’s finances could be on more stable footing
Christie’s Budget Address: Mixed Message to State’s Democratic Lawmakers
John Reitmeyer | February 17, 2016 | Budget, Politics
Governor appears to leave room for bipartisan cooperation, but some caveats and warnings are vintage Christie
More People Covered by Obamacare Means Less Money for Charity Care
Lilo H. Stainton | February 17, 2016 | Budget, Healthcare, Politics
Christie cuts budget for second straight year; urban hospitals call for better targeting of funds
Christie’s New Budget Plan: Same Old Diversions from Clean Energy Fund
Tom Johnson | February 17, 2016 | Budget, Energy & Environment, Politics
Few consumers understand that when they pay their utility bills, their money helps keeps lights on at state facilities and cover costs for NJ Transit
Governor’s Plan Offers Barely More Aid to Schools – But It Could Be Worse
John Mooney | February 17, 2016 | Budget, Education, Politics
Education advocates say 1 percent increase is inadequate but at least better than cuts they feared
The List: What to Watch and Listen for in Governor’s Budget Address Today
John Reitmeyer | February 16, 2016 | Budget, The List
What will Christie propose to deal with state pensions, transportation funding, taxes and other pressing fiscal issues?
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