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Budget

Another Budget Adjustment -- State Tax Collection Forecast off by $60M

John Reitmeyer | February 27, 2015 | Budget

Administration’s overestimate brings midyear spending reductions to $343M -- and there’s still a $1.6B budget bullet out there

Interactive Map: State-Aid Landscape Basically Unchanged, Frozen and Flat

Colleen O'Dea | February 27, 2015 | Budget, Maps, Map of the Week
Funding to municipalities virtually unchanged for fifth straight year under Christie budget
Chris Christie Takes His Budget Pitch on the Road -- First Stop, Moorestown
John Reitmeyer | February 26, 2015 | Budget
Governor makes it perfectly clear: The only thing wrong with the state’s finances is cost of public-employee benefits
Districts Get Official Word: State Aid Payments Frozen for Most Schools Next Year
John Mooney | February 26, 2015 | Budget, Education
Some are glad that funds won’t be cut despite fiscal woes; others note than once again Christie isn’t complying with full-funding law
Missing from Christie’s Budget Address: Substance, Specifics, Solutions
John Reitmeyer | February 25, 2015 | Budget
Governor’s budget speech may have played well outside of NJ, but state lawmakers are left with a number of unanswered questions
Christie’s Proposed Health Budget Slashes $148M From Hospital Charity Care
Andrew Kitchenman | February 25, 2015 | Budget, Healthcare
Administration argues that cuts are counterbalanced by ACA Medicaid expansion, which has thinned the ranks of the uninsured
Can Christie, Legislature Defuse Judge's $1.6 Billion Pension Bombshell?
John Reitmeyer | February 24, 2015 | Budget, Politics
Double challenge confronts Dems, GOP: Find funds in current budget -- and even more in next year’s
Judge Rules Against Christie Administration in State-Employee Pension Case
Meir Rinde | February 24, 2015 | Budget, Politics
State on the hook for seven years of increasing payments, as spelled out in the administration’s signature pension-reform law
Watch and Listen to Christie’s Budget Address Live from Trenton
February 24, 2015 | Budget, Politics
There’s a lot more than presidential ambitions riding on governor’s proposals for dealing with Garden State’s fiscal woes
Chris Christie’s Presidential Hopes Hover Over This Year’s State Budget Haggling
Meir Rinde | February 20, 2015 | Budget
Will governor push for estate-tax cut popular with GOP conservatives while agreeing to gas-tax hike to replenish Transportation Trust Fund?
Rebate ‘Shell Game’ Makes It Hard to Track Property Tax Facts in New Jersey
Colleen O'Dea | January 30, 2015 | Budget, Maps, Map of the Week
Agency’s removal of info from annual report and website makes it nearly impossible to determine how much more homeowners are paying
Former Treasury Secretary Shares Optimistic Outlook with NJ Investment Council
NJTV | January 30, 2015 | Budget, Politics
Group that sets policies governing New Jersey’s $8 billion portfolio hears Timothy Geithner’s cautious but upbeat assessment
Moody’s: New Jersey’s Pension Funds Could Run Dry in Just 10 Years
Mark J. Magyar | December 4, 2014 | Budget, Politics
Bond-rating agency cites NJ Treasury admission in bond prospectus that puts unfunded liability at $83 billion under new federal standards
Analysis: Partisan and Labor Politics Drive Battle Over Health-Benefits Reform
Mark J. Magyar | November 26, 2014 | Budget, Politics
Big question is whether Christie, Legislature set health-benefit payments or unions get back collective-bargaining rights
Size Doesn’t Matter -- Study of NJ Municipal Government Costs Concludes
Mark J. Magyar | November 17, 2014 | Budget, Planning
Rutgers analysts question ‘conventional wisdom’ that consolidation of state’s 565 municipalities would produce property tax savings
Analysis: Would an Elected Comptroller Solve NJ’s Pension Crisis?
Mark J. Magyar | October 7, 2014 | Budget, Politics
Moody’s: While New Jersey’s pension crisis is one of nation’s worst, independent comptroller kept New York State out of trouble
Analysis: Facing Budget Problems, Christie Plays Tax Amnesty Card
Mark J. Magyar | September 18, 2014 | Budget, Politics
Corzine’s 2009 tax amnesty generated a record $725 million windfall, but it would take a concerted campaign to match that success
Christie Grappling With Bond Downgrades, Budget Shortfalls, Casino Closures
Mark J. Magyar | September 11, 2014 | Budget, Politics
NJ’s fiscal woes mount as S&P cuts credit rating, Treasury admits budget shortfall and Trump Taj Mahal becomes fifth casino to face closure
Explainer: Why NJ's Unfunded Liability for Retirees Is $90 Billion and Rising
Mark J. Magyar | August 12, 2014 | Budget, Politics, Explainer
Funding gap grows because NJ continues to underfund pensions and covers retiree healthcare costs on pay-as-you-go basis
Christie Cites ‘Cadillac Tax’ In Push To Cut Public Employee Benefits
Mark J. Magyar | July 30, 2014 | Budget, Politics
Governor: Obamacare tax would cost New Jersey $261 million in 2018 and $837 million by 2022 if health insurance costs aren’t cut
Time Runs Out for Christie Plan for Lengthier School Days, Longer School Years
John Mooney | July 25, 2014 | Budget, Education, Politics
Administration's $5 million innovation fund one of the casualties of budget process
Christie Uses Vetoes To Drive Political Message For 2016 Campaign
Mark J. Magyar | July 1, 2014 | Budget, Politics
With Democrats powerless to override governor's vetoes, only courts can order state to make required pension payments
Analysis: Will Governor Christie's House of Cards Collapse?
Mark J. Magyar | June 30, 2014 | Budget, Politics
Governor banks on larger-than-life celebrity, but expanding investigations, mounting fiscal problems could undercut presidential hopes
After Christie Vetoes, Pension Battle Heads Back To Court
Mark J. Magyar | June 27, 2014 | Budget
Democratic-controlled Legislature’s passage of budget with tax hikes on millionaires and corporations is preordained exercise in futility
Judge Rules That Christie Can Withhold $900M Payment Into Pension Funds
Hank Kalet | June 26, 2014 | Budget
Superior Court magistrate declines to issue injunction sought by public employees union, citing 'staggering budget shortfall'
School-Reform Legislation, Education Aid Among Items on Year-End Agenda
John Mooney | June 26, 2014 | Budget, Education
Last-minute votes could delay Common Core-related tests, reconfigure impact on teacher evaluations
Poll: How Much of the Democrats’ Doomed Budget Do You Buy?
June 26, 2014 | Budget, Politics, Polling
From a fully funded pension to the millionaire's tax, do the Democrats have anything real to offer New Jersey?
Prieto Wins Argument On Limiting State Income-Tax Hike To Millionaires
Mark J. Magyar | June 24, 2014 | Budget, Politics
Democratic budget kills tax increases on e-cigarettes, Urban Enterprise Zone businesses
Analysis: Democratic Tax Plan is Just a Down Payment on NJ’s Fiscal Needs
Mark J. Magyar | June 23, 2014 | Budget, Politics
Christie’s veto of tax increases would leave insurmountable $4.3 billion pension gap to be made up by FY18
Democratic Lawmakers Sending Christie Another Tax Package To Veto
Mark J. Magyar | June 20, 2014 | Budget, Politics
Prieto endorses millionaire’s tax, corporate tax surcharge, and full pension funding as part of alternative Democratic budget
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