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Budget

Bill Limiting Sales Tax on Expensive Boats Still in Dry Dock on Christie’s Desk

John Reitmeyer | July 2, 2015 | Budget

Cap of $20,000 is billed as way to help New Jersey’s boating and marina industry compete with neighboring states

Winners and Losers: Looking Beyond the Numbers in Christie’s $34B Budget

John Reitmeyer | June 29, 2015 | Budget
Millionaires and corporations gain, while homeowners and local schools take a hit. But the biggest setback may be to New Jersey’s future generations
Dems OK Boost in Low-Income Tax Credit But Won’t Budge on Pension Payment
John Reitmeyer | June 30, 2015 | Budget
Resolution passed by Assembly and Senate pressures Christie to make contribution of $1.3B immediately instead of waiting until end of state’s fiscal year
Tax-Credit Hike Helps NJ's Working Poor -- and May Also Help Candidate Christie
John Reitmeyer | June 29, 2015 | Budget
Governor’s conditional veto could put $120M in pockets of low-wage earners, and make Democrats' signature issue his own
Budget Business as Usual: Christie Line-Item Vetoes $1.6B from Dems' Plan
John Reitmeyer | June 27, 2015 | Budget, Politics
Governor volunteers one giveback, no-strings-attached offer to raise Earned Income Tax Credit to 30 percent, helping NJ’s lowest-paid workers
Budget Goes to Gov. Christie, Who Warns He’ll Be Watching ‘All the Spending’
John Reitmeyer | June 26, 2015 | Budget
Extensive line-item vetoes expected, but the real surprise may be what the Dems didn’t include: fully funded school aid and relief for depleted Transportation Trust Fund
Reaction to Dems’ Proposal Hints at Possible Area of Compromise on Pensions
John Reitmeyer | June 25, 2015 | Budget
Some GOP lawmakers react favorably to idea of making quarterly payments as show of ‘good faith’ and to take advantage of investment returns
Dems’ Budget Bills Move Forward, Setting Stage for Clash with GOP, Christie
John Reitmeyer | June 24, 2015 | Budget
Tax hikes for wealthy and corporations, increased pension funding are likely to win approval – then head to Christie’s desk for probable veto
Democratic Budget Plan Likely to Raise Christie’s Ire -- and Veto Pen
John Reitmeyer | June 23, 2015 | Budget
Sweeney and Dems build a budget that boosts funding for pension payments and adds money for education and family planning
Lesniak Touts Legislation As Way to Add Money to Budget Without Raising Taxes
John Reitmeyer | June 22, 2015 | Budget
By closing loopholes that let multinational companies shift profits to other countries, Democratic lawmaker says he can find at least $250M for strapped state
New Report Raises Doubts About Cost of Shifting Teacher Pensions
John Reitmeyer | June 18, 2015 | Budget
Rutgers study questions Christie administration claim that having local school districts assume responsibility would be ‘cost-neutral’
Longtime Director of State Budget Office Stepping Down After 16 Years in Post
John Reitmeyer | June 17, 2015 | Budget
Head of Treasury Department’s Office of Management and Budget served in post under six different governors
Explainer: How Do State Budgets Manage to Avoid Spending Required By Law?
John Reitmeyer | June 16, 2015 | Budget, Explainer
Two provisions of NJ constitution provide loopholes that allow – and actually ‘require’ -- lawmakers to circumvent mandates
State’s Tax Revenue Still Lags Behind Pre-Recession Levels by 10 Percent
John Reitmeyer | June 15, 2015 | Budget
New data from Pew Charitable Trust helps plot NJ’s slow recovery, fuels arguments about raising some taxes or slicing business taxes further
Amid Shouts and Protests, Legislators Quietly Work Out Their Budget Plans
John Reitmeyer | June 12, 2015 | Budget, Education
NJEA and teachers make a loud showing in Trenton, demanding that state fully fund their pensions and benefits -- despite Supreme Court ruling letting Christie off hook
NJ Ranks in Bottom Five for Growth in State GDP, Say New Federal Figures
John Reitmeyer | June 11, 2015 | Budget
With a 0.4 percent bump in gross domestic product, New Jersey is growing more slowly than neighboring states
Governor, Democrats Face Complex Challenges in Wake of Christie's Court Victory
John Reitmeyer | June 10, 2015 | Budget
Sweeney says his party can't negotiate budget with Christie, unions ponder constitutional amendment to force full pension payments
Former Fed Reserve Chairman Takes NJ to Task for Poor Budgeting Practices
John Reitmeyer | June 9, 2015 | Budget
Report from Volcker Alliance knocks state for diverting clean-energy funds, skipping and shortchanging pension payments
Is NJ Paying Wall Street Too Much to Manage $80B Pension System's Investments?
John Reitmeyer | June 5, 2015 | Budget
State argues that $600 million paid to private investment managers last year is on the money, but unions argue it’s way out of line
‘Combined Reporting’ Corporate-Tax Policy Could Add $500M to NJ's Coffers
John Reitmeyer | June 4, 2015 | Budget
Changes to tax structure could put small businesses and large corporations on same footing, according to just-released report
Hearing Looks at Whether Private Money Managers Deserve Big Bonuses, Fees
John Reitmeyer | June 3, 2015 | Budget
With private money managers investing about 30 percent of funds in state’s pension system, committee wants to know if ‘alternative investments’ are paying off
Buy Your Next Yacht in New Jersey, Get a Healthy Tax Break on Your Purchase?
John Reitmeyer | June 2, 2015 | Budget
Lawmakers argue that capping the tax on big-boat buys helps state compete with Florida and New York, which already offer similar incentives
The List: Top Ten Payments by NJ Governors Into State’s Pension System
John Reitmeyer | June 1, 2015 | Budget, The List
If state Supreme Court orders full payment of $2.25 billion, it would more than double the previous highest amount kicked in by Gov. Jon Corzine’s administration in FY2008
Christie’s Proposed 10-Year Pension Payment Ramp-Up Could Cost NJ Billions
John Reitmeyer | May 26, 2015 | Budget
Governor’s own law gives him seven years to get pension payments in line, but he says he needs 10. What he’s not saying is how costs would balloon over time
Tax-Revenue Double Take: Too Much Money Going to Property-Tax Relief?
John Reitmeyer | May 21, 2015 | Budget
It seems impossible in a state with some of the highest property taxes in the country, but the way the money is divvied up could mean other programs are not getting their fair share
State Treasurer’s Paltry Revenue Projection Holds Out Little Hope for FY2016
John Reitmeyer | May 20, 2015 | Budget
If state’s top court finds for public workers in pension litigation, administration might have to cut into large programs like education, healthcare
Crunch Time for Tax-Revenue Numbers That Shape Budget for This Year, Next Year
John Reitmeyer | May 19, 2015 | Budget
If tax revenue comes in significantly over projections -- estimated at $200M -- administration could bump up public-worker pension payment
Local Governments May Be Steering Clear of Christie’s Pension-Reform Roadmap
John Reitmeyer | May 18, 2015 | Budget
Concern is that Republican changes could drive up property taxes, already highest in the nation
It Looks Like There's a Good ‘April Surprise’ in Store for Gov. Chris Christie
John Reitmeyer | May 14, 2015 | Budget
Treasury is projecting a $200M windfall tax revenue, which will be funneled right into the pending pension payment
Christie Vetoes Bill Seeking to Document Effectiveness of Corporate Tax Breaks
John Reitmeyer | May 12, 2015 | Budget, Politics
Governor rejects call for annual review of billions in tax incentives, prefers ‘more holistic’ approach to assessing whether program’s paying dividends
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