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Budget

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
2016 Investment Returns for Public-Employee Pension Up 7%, Much Better Than in 2015
John Reitmeyer | January 26, 2017 | Budget
New figures don’t negate fundamental funding problems, but they bring some good news for the beleaguered pension system
NJ Seeks Help from Bankers to Bring Down Public-Worker Pension Costs
John Reitmeyer | January 10, 2017 | Budget
Spokesman says Treasury hopes for ‘new and innovative ideas’ for what is now the worst-funded system in the U.S.
Fine Print: What’s Coming For New Jersey Taxpayers As New Cuts Take Effect
John Reitmeyer | December 21, 2016 | Budget
Phasing out the estate tax gives big breaks to the richest, while cutting the sales tax benefits everyone a little
Christie Signs Off on Quarterly Contributions to Public-Worker Pensions
John Reitmeyer | December 16, 2016 | Budget
New law still allows officials to skip or short payments if state is having revenue problems
Bid to Allow Public Pension System to Invest Heavily in TTF Bonds
John Reitmeyer | December 9, 2016 | Budget
There’s a bipartisan move to have the pension system buy more transportation fund bonds than previously allowed, in the belief it would be mutually beneficial
NJBIA Members Optimistic About Their Businesses, Less So About NJ’s Economy
John Reitmeyer | December 7, 2016 | Budget
Group’s annual survey found 70 percent of business owners plan to give workers raises this year, most expect revenue and profit to grow or at least stay the same
Pension Leaders Question if NJ Should Do More to Shore Up System
John Reitmeyer | December 1, 2016 | Budget
Amid efforts by lawmakers to improve the funding of the public-employee pension system, there are calls for more aggressive action
Christie Reverses Course, Keeps Reciprocal Income-Tax Agreement with Pennsylvania
John Reitmeyer | November 23, 2016 | Budget
No new taxes! South Jersey residents and businesses get a reprieve from governor who changed his mind about ending income-tax accord with Pennsylvania
Can Quarterly Payments Help Rescue NJ’s Underfunded Pension System?
John Reitmeyer | November 22, 2016 | Budget
Christie gets bipartisan plan that he calls ‘more fair than the previous proposals,’ but it offers no constitutional guarantee enforcing payments
New NJ Tax on Hedge Fund Honchos to Make Up for Federal ‘Loophole’?
John Reitmeyer | November 21, 2016 | Budget
State legislators want to put a big tax on fees earned by hedge fund managers who, thanks to federal regulations, are taxed at ‘a lower rate than teachers or firefighters’
S&P Global Downgrades NJ’s Credit Rating Again
John Reitmeyer | November 15, 2016 | Budget
Concerns about state’s public-employee pension system and new package of tax cuts indicate financial problems will persist into next governor’s term, possibly beyond
Is Christie Resolved to End Bistate Tax Deal with Pennsylvania?
John Reitmeyer | November 8, 2016 | Budget
Change would hike taxes for low-income New Jersey commuters and high-income Pennsylvanians, with more paperwork for all
First Quarter FY2017 Tax Collection Could Be Harbinger of Budget Year
John Reitmeyer | October 11, 2016 | Budget
Tax changes associated with the gas-tax increase expected to help revenue at first — until cuts kick in
Moody’s Issues ‘Credit Negative’ in Response to Passage of TTF Legislation
Chase Brush | October 11, 2016 | Budget
Wall St. firm raises fiscal concerns about effect of tax cuts included in bill to replenish Transportation Trust Fund
Too Soon to Talk TTF Compromise, but if Christie Budges Will Sweeney Follow?
John Reitmeyer and Chase Brush | September 20, 2016 | Budget, Transportation
Meanwhile, several alternative have emerged, including a hybrid solution that incorporates cuts to estate and sales taxes
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