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Budget

Local Governments in NJ: Big Cuts in Aid, Small Change In State Budget

John Reitmeyer | August 19, 2016 | Budget, Politics

With a stroke of his veto pen, Christie increased penalties for municipalities found to have strayed from best practices on transparency and fiscal accountability

No Credit Downgrade for NJ, Although Ratings Agencies Say Budget Problems Linger

John Reitmeyer | August 18, 2016 | Budget, Politics
Christie takes credit for the good news and downplays talk of high debt, slow growth, and low reserves
Senate President’s Failure to Act On Pension Amendment Enrages Public Unions
John Reitmeyer | August 9, 2016 | Budget, Politics
Sweeney says voters will be more likely to approve the question once the dispute about transportation funding is resolved
Guaranteed Funding for State Pensions Probably Won't Make Ballot
John Reitmeyer | August 5, 2016 | Budget, Politics
Sweeney continues to tie the amendment to getting a veto-proof majority for his plan to renew the Transportation Trust Fund
Sweeney Accuses Unions of Threats and Bribery Over Pension Funding
John Reitmeyer | August 4, 2016 | Budget, Politics
State’s top Democrat –- and probable gubernatorial candidate -- accuses NJEA and others of intimidation tactics
Public-Employee Pension System Won’t Invest So Heavily in Hedge Funds
John Reitmeyer | August 4, 2016 | Budget
Unions score big victory as investment managers decide to scale back allocations by more than half
Acting State Treasurer Gets High-Level Democratic Support for Confirmation
John Reitmeyer | August 3, 2016 | Budget, Politics
Sen. Paul Sarlo, head of the Budget and Appropriations Committee, praises Ford Scudder’s openness during this year’s spending debate
New Jersey Senate May Delay Votes on Gas-Tax Hike, Pension Amendment
John Reitmeyer | August 1, 2016 | Budget
Democratic leaders still scrambling to get enough support to override expected vetoes by Gov. Christie
Personal Income in NJ up Almost 3%, Trailing Pennsylvania, New York
John Reitmeyer | July 29, 2016 | Budget
While state’s economy is growing, gains continue to be modest and signals mixed
Default on Debt Payment Looms Again for Financially Troubled Atlantic City
John Reitmeyer | July 28, 2016 | Budget
City and state officials haven’t sorted out details of key bridge loan; Moody’s say default likely if they can’t agree
How Can New Jersey, Other States Rescue Underfunded Pension Systems?
John Reitmeyer | July 27, 2016 | Budget
NJ Senate President Sweeney says officials need to be honest with the public and state workers about the problem
Stopping NJ Companies from Shifting Revenue to States with Lower Business Taxes
John Reitmeyer | July 26, 2016 | Budget
Veteran senator hopes debate over Transportation Trust Fund will boost efforts to tighten business-tax rules
Democratic Leaders Unite On New Tax-Cut Plan to Balance Gas-Tax Hike
John Reitmeyer | July 25, 2016 | Budget
Sweeney and Prieto hope to appeal to legislators from both parties — and maybe even Gov. Christie — or to pick up enough support for an override
Ballot Question on Pension Payments Gets Dragged into TTF Wrangle
John Reitmeyer | July 21, 2016 | Budget
Deadline nears for putting new pension payments on November ballot, but impasse between Christie and Sweeney on transportation funding gets in the way
Democrats Revive Plan to Give Undocumented Students Tuition Aid at NJ Colleges
John Reitmeyer | July 19, 2016 | Budget, Politics
Undocumented residents already have the right to pay in-state tuition, but few can afford to do so, effectively shutting them out of a college education
Explainer: Constitutional Amendment Would Lock in Gas-Tax Revenue for TTF
John Reitmeyer | July 19, 2016 | Budget
Governor and legislators may yet break deadlock over how to fund transportation projects, but voter agreement in November ballot is no slam dunk
Christie Threatens to End Reciprocal Income Tax Agreement with Pennsylvania
John Reitmeyer | July 18, 2016 | Budget
Pact currently allows bistate commuters to file where they live and means lower taxes for low-income New Jerseyans and high-income Pennsylvanians
Why Christie, Sweeney, and Others Agree on 23-Cent/Gallon Gas-Tax Hike
John Reitmeyer | July 14, 2016 | Budget
Impasse over transport fund has been years in the making, but New Jersey’s politicians face a deadline within days
New Jersey Starts Collecting More Tax Upfront from Lottery Winners
John Reitmeyer | July 13, 2016 | Budget
Change in income-tax withholding rules could help state finances at least a little bit
At NJ Spotlight Roundtable, Competing Visions of How to Fix Public-Pension System
John Reitmeyer | July 11, 2016 | Budget
Heated discussion leaves little room for common ground; former governor says situation may need federal intervention
$1.6 Billion Doubt Shadows Christie’s Sales-Tax Plan
John Reitmeyer | July 8, 2016 | Budget
As worries about blowing a hole in the state budget persist, governor’s sales-tax scheme finds few new supporters
Who Wins, Who Loses After Christie Wields His Line-Item Veto Pen?
John Reitmeyer | July 5, 2016 | Budget
Millionaires and retired public workers wind up in the win column, but current public workers, businesses, and homeowners rack up a loss
Christie Line-Item Vetoes Even Modest Adds Democrats Made to Budget Plan
NJ Spotlight Staff | July 1, 2016 | Budget
Governor slashes money for preschool, charity care, senior property-tax relief, blames Democrats for being irresponsible
How Will Sweeney Deal with Christie and Prieto’s Late-Night TTF Surprise?
John Reitmeyer | June 30, 2016 | Budget
Senate President is searching for a solution — or maybe not — after a last-minute deal between Christie and Prieto to boost transportation funding
Fine Print: Transportation Funding Puts Sales Tax-Cut Under Microscope
John Reitmeyer | June 29, 2016 | Budget
Christie and Assembly leaders sweep away key elements of Senate bill, replace them with 1 percent cut in sales tax
Budget Bill Sails Through, but Christie Brokers New Plan to Revive TTF
John Reitmeyer | June 28, 2016 | Budget
Christie gets up close and personal with Assembly lawmakers, hammers out scheme that swaps gas-tax hike for 1% sales-tax cut -- and jettisons most of bipartisan TTF plan
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
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
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
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’
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