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Budget

Sweeney Confirms Democrats Will Present Their Own Budget Bill to Christie

John Reitmeyer | June 16, 2016 | Budget

Line-item veto means governor gets the last word on funding for women’s healthcare and other Democratic priorities

Hedge-Fund Dispute Stalls 2017 Investment Plan For Public Pension System

John Reitmeyer | June 23, 2016 | Budget
Treasury downplays significance of deadlock, indicating issue could be resolved at August meeting of NJ State Investment Council
Democratic Budget Bill: More for Social Programs, No Major Tax Hikes
John Reitmeyer | June 24, 2016 | Budget
Bill adds just $275 million to Christie plan, so budget battles of previous years may not be in the offing, but line-item vetoes are almost certain
State’s Top Court Says No Retiree COLA Payments Until Pension System Is Healthy
John Reitmeyer | June 10, 2016 | Budget
Public employee unions outraged at ruling. One characterizes it as ‘theft, plain and simple’
Are New Jersey’s Millionaires Really Fleeing to States with Lower Taxes?
John Reitmeyer | June 9, 2016 | Budget
New figures suggest that Garden State has gained tens of thousands of millionaires over past decade
Dueling Plans to Fix Public Pension System, One with a ‘Safety Valve’
John Reitmeyer | June 8, 2016 | Budget, Politics
Democrats and unions are cool to Republican O’Scanlon’s offering, which allows governors to skip or skimp on payments if financial projections are off
Monthly Job Reports 'Worthless' for Long-Term Planning Says Top Official
John Reitmeyer | June 6, 2016 | Budget
Best way to build budget forecast, argue experts, is to focus on long-term trends and other economic indicators
Targeting Tax Breaks for Urban Enterprise Zones in NJ’s Struggling Cities
John Reitmeyer | June 3, 2016 | Budget
Democrats want to give zones in five cities a 10-year extension before they expire next year
Some Seniors, Disabled Could Be Frozen Out of NJ’s ‘Senior Freeze’ Program
John Reitmeyer | June 1, 2016 | Budget
Fine print in annual state budget will eliminate cost-of-living increases for property-tax relief program, unless Christie changes his mind
Pushing to Protect the Educational Opportunity Fund from State Budget Cuts
John Reitmeyer | May 31, 2016 | Budget, Education
The EOF has helped thousands of low-income students across NJ make it into and through college
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
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
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
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
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