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Budget

Moody’s Keeps NJ’s A3 Credit Rating but Says State Needs to Raise Taxes, Cut Spending

John Reitmeyer | May 26, 2017 | Budget

Rating agency also suggests Christie administration’s latest budget projections err on the rosy side

10.5% Returns for NJ Public Pension System, Big Turnaround from Last Year

John Reitmeyer | May 25, 2017 | Budget
Investment council maintains strategy, continues to cut back hedge funds, waits to see if Legislature will take up governor’s Lottery proposal
How Democratic, Republican Candidates Say They'd Ease NJ’s Fiscal Crisis
John Reitmeyer | May 24, 2017 | Budget, Elections 2017
School funding and tax phase-outs, pension benefits and closing loopholes — here’s a look at where this year’s gubernatorial hopefuls stake their claims
This Year’s Budget Blunder: Projected $527M Shortfall
John Reitmeyer | May 17, 2017 | Budget
Paying off Homestead tax-relief credits next fiscal year, tapping Clean Energy Fund cited as ways administration plans on finding revenue to close expected gap
Can Guadagno’s ‘Circuit Breaker’ Short-Circuit Rising Property Taxes?
John Reitmeyer | April 24, 2017 | Budget, Elections 2017
The lieutenant governor’s plan faces two immediate hurdles: inherent complexity and voter skepticism
NJ Voters Support Tax Hike for Millionaires, CPAs Say It Could Propel Rich to Leave
John Reitmeyer | April 12, 2017 | Budget
Majority of New Jerseyans back tax hike on the rich — if revenue is used for education and public pensions
Democrats, Republicans Dispute Size of Structural Deficit — and What It Means
John Reitmeyer | April 10, 2017 | Budget
Christie has used structured gap to campaign against incumbents, challengers; now he says he’s closed it — although Moody’s disagrees
OLS Projects New Jersey Taxes Will Be $223M Short
John Reitmeyer | April 7, 2017 | Budget
Growing concern that state budget will suffer from ‘Trump effect’ and that Christie administration’s revenue forecasts will not be met
NJ Hopes to Hit Budget Home Run with Daily Fantasy Sports Games
John Reitmeyer | April 4, 2017 | Budget
Analysts project that issuing permits and charging operations fees could bring in new annual revenue of $6.6 million
Betting on NJ Lottery to Help Bail out Public-Employee Pension System
John Reitmeyer | April 3, 2017 | Budget
Diverting $1 billion in lottery revenue is a fix, not a solution, some experts warn, and it raises a question: How would the state budget make up for funds that are redirected?
Fine Print: Long-Sought Compromise Will Increase NJ Property-Tax Transparency
John Reitmeyer | March 31, 2017 | Budget
An investigation originally undertaken by NJ Spotlight pays off as new property tax data will be posted on state’s governmental services website
Healthy Gains Reported for Pension Returns at NJ State Investment Council Meeting
John Reitmeyer | March 30, 2017 | Budget
Bump of over 8 percent for fiscal 2017 announced, even as Christie mulls bill giving cops, firefighters more control of their pension investments
Moody’s Downgrades NJ Credit Rating Fourth Time While Christie in Office
John Reitmeyer | March 28, 2017 | Budget
Rating agency identifies New Jersey’s chronically underfunded public pension system as one of main reasons for latest lowering of state’s grade
A Video Primer of New Jersey’s Property-Tax Relief Programs
NJTV News Online | March 27, 2017 | Budget
NJ Spotlight’s John Reitmeyer visits the studios of NJTV to talk property-tax relief
Police, Firefighters Edge Closer to Control of Own Retirement Fund
John Reitmeyer | March 24, 2017 | Budget
After lawmakers approve removal of PFRS from state pension system, the proposal goes to governor; whether Christie likes the plan or not, it may be veto-proof
Parents, Educators Give Budget Committee an Earful on School Funding
NJTV News Online | March 22, 2017 | Budget
As they begin deliberations on the state’s budget, lawmakers learn just how hot an issue school funding is for many in New Jersey
NJ Windfall from Sale of Public Airwaves Likely Smaller Than Projected
John Reitmeyer | March 21, 2017 | Budget
Analysts once estimated that selling off public bandwidth in New Jersey could raise more than $2B, but signs now point to a more modest haul
Fears for New Jersey if Federal Budget Is Slashed
John Reitmeyer | March 16, 2017 | Budget
Advocates line up to tell lawmakers about implications for healthcare, housing, the environment if Trump administration axes spending
Cops, Firefighters Could Pull Pensions from NJ Public-Employee System
John Reitmeyer | March 15, 2017 | Budget
Striking out on their own could give these public employees more control over how assets are managed, better protection from pension-system reforms
Five Opportunities to Get Involved with the Fiscal 2018 Budget Review
John Reitmeyer | March 9, 2017 | Budget
New Jersey lawmakers have scheduled five public hearings for residents who want to sound off or speak in favor of Christie’s final budget plan
With State Aid in Deep Freeze, Towns and Schools Are Out in the Cold
Colleen O'Dea | March 8, 2017 | Budget
What does a flat budget look like? Higher property taxes, fewer services and staff, and nothing extra for teachers and students
Contradiction in Christie Budget Plan: Grow Revenue $1B While Cutting Taxes
John Reitmeyer | March 3, 2017 | Budget
The governor may be taking a gamble, but if he’s wrong it will be up to his successor to make things right — most likely with last-minute spending cuts
Does NJ Have a Lot to Lose if Undocumented Deported in Large Numbers?
John Reitmeyer | March 2, 2017 | Budget, Immigration
Half a million undocumented immigrants living in the Garden State contribute an estimated $587 million in taxes; aggressive deportation policy could hurt state and local budgets
No New Taxes, Spending in Christie’s $35.5B Budget, But He Floats Some Novel Plans
John Reitmeyer | March 1, 2017 | Budget
Governor’s final budget has no dramatic innovations but he proposes new options for dealing with pensions, school funding, healthcare
Christie Seeks ‘Charity’ from Insurance Company to Bolster Healthcare for Poor
Lilo H. Stainton | March 1, 2017 | Budget, Healthcare
Horizon Blue Cross Blue Shield resists, says governor overstated its cash reserves, already supports healthcare programs for vulnerable residents
Christie’s School Funding Surprise: Maintain the Status Quo
John Mooney | March 1, 2017 | Budget, Education
Governor pledges 100-day window to work with lawmakers to fix funding, but caps offer with veiled threat if no solution is reached
2017 Gubernatorial Hopefuls Respond to Christie’s Budget Address
Colleen O'Dea | March 1, 2017 | Budget
No shortage of skepticism and criticism from members of the governor’s own party, as well as from other contenders
If Feds Step in to Address Pension Crisis, Public Workers Won’t Be Winners
NJTV News Online | February 28, 2017 | Budget
Former state treasurer and NJ Spotlight contributor Andrew Sidamon-Eristoff discusses the federal government helping New Jersey and other states with public-pension problems
Christie’s Public Pension Legacy: Broken Promises, No Effective Fixes
John Reitmeyer | February 21, 2017 | Budget
As he nears end of second term, governor still struggling with state’s deeply troubled public-worker pension system, while some stakeholders look to a new administration for relief
Could Commonsense Rules Fix Some of New Jersey’s Budget Problems?
John Reitmeyer | February 7, 2017 | Budget
Inability to replenish ‘rainy day’ savings account is significant problem for Garden State
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