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Budget

State’s Labor Chief Suggests Employment Picture Looks Brighter in Perspective

John Reitmeyer | April 17, 2015 | Budget

While jobless rate rises again, he tells Senate panel that longer-term numbers are more encouraging than monthly snapshots

Fine Print: Revamping the Rules for Reporting Fees State Pays for Investments

John Reitmeyer | April 15, 2015 | Budget
Legislation calls for more openness in divulging details of how funds are handled, seeks to widen ban on ‘pay to play’ contributions
State Overpays $1.6 Million in Property-Tax Relief, Looks to Recoup Its Money
John Reitmeyer | April 10, 2015 | Budget
Inflated payments mostly tracked to homeowners who took full credit for multi-tenant properties
Annual Audit by Treasury Wraps Up Year of Battles Over State Budget
John Reitmeyer | April 10, 2015 | Budget
Report shows revenues from taxes increased by total of $500 million, reflecting some growth in NJ economy
Money Left Over Near End of Budget Year Can Add up to Serious Chunk of Change
John Reitmeyer | April 9, 2015 | Budget
Christie administration is culling so-called ‘lapses’ -- funds allocated to programs and departments that aren’t spent within the fiscal year
NJ Supreme Court to Take Up State Pension Dispute as Soon as Next Month
John Reitmeyer | April 7, 2015 | Budget
Administration and public-employee unions sidestep Appellate Division and move straight to top court
Fine Print: Beefing up Oversight of State Economic Development Tax Incentives
John Reitmeyer | April 2, 2015 | Budget
Legislation on governor’s desk would spell out specific goals of incentive programs and assess their effectiveness more rigorously
Revenue Forecasts Align in Rare Agreement Between Christie, Budget Analyst
John Reitmeyer | March 31, 2015 | Budget
But lawmakers grill state treasurer about funding for property tax relief, pensions, and transportation fund
Administration Drags Feet on Delivering Data Needed to Assess Christie Budget
John Reitmeyer | March 27, 2015 | Budget
For lawmakers, delays and lack of details raise issues of transparency and accountability
Working to Keep National Politics Out of State's Pension-Fund Investments
John Reitmeyer | March 26, 2015 | Budget
Offered a chance to put wider restrictions in place, NJ State Investment Council says it will first look to tightening current regulations
Christie’s Pension Package Tops Agenda at Final Assembly Budget Hearing
John Reitmeyer | March 25, 2015 | Budget, Politics
Meanwhile, governor continues to push budget plan at ‘town hall’ meetings, the latest in Whippany
Taking the Guesswork -- and the Politics -- Out of Forecasting NJ’s Tax Revenue
John Reitmeyer | March 24, 2015 | Budget
A new bill aims to add accuracy and transparency to the process of estimating state’s yearly tax collection
Some Flunk Christie in Economics While Others Give Him Passing Grade
John Reitmeyer | March 23, 2015 | Budget
Supporters praise tough tactics on pensions and other ‘legacy’ items, but critics point to high jobless rate, terrible credit ratings and transit-fund crisis
Fine Print: Forcing Administration to Post Detailed Property-Tax Data
John Reitmeyer | March 19, 2015 | Budget
Christie contends he’s capped property-tax increases at 2 percent, but cutting Homestead Rebates funding has driven net property taxes higher
Christie Wants Three More Years to Get State Pension Program Fully Funded
John Reitmeyer | March 13, 2015 | Budget
Governor could ease some of his budget woes by stretching out pension payments to 10 years, rather than seven -- and a Democratic leader could be in his corner
Corporate Subsidies, Open Space Come to Fore at Second Public Budget Hearing
John Reitmeyer | March 12, 2015 | Budget
Critics raise questions about NJ’s faltering recovery, lawmakers agree that more transparency needed when awarding corporate incentives
At First Public Hearing on Budget, Focus On What's Missing, What's Needed
John Reitmeyer | March 11, 2015 | Budget
Speakers present Senate panel with list of items ranging from familiar -- school funding, transportation, pension benefits -- to substance-abuse treatment and others more easily overlooked
Public-Employee Healthcare: The Sweeney Plan vs. the Christie Report
John Reitmeyer | March 10, 2015 | Budget
State Senate president asserts that his own proposal calls for nothing less than eliminating the conventional fee-for-service payment model
Senate President Calls for Millionaire’s Tax to Help Close State Pension Gap
John Reitmeyer | March 9, 2015 | Budget, Politics
Christie dismisses idea at town hall meeting, but gets numbers wrong for current top-end tax and potential revenue
Where, When, and Why: Attending a Public Hearing on Christie's New Budget
John Reitmeyer | March 5, 2015 | Budget
The best way to understand what's in the budget and how it may affect you is to catch one of the five public hearings being held this month
What’s Wrong With This Picture? Property Taxes Rise, While Rebates Dwindle
John Reitmeyer | March 4, 2015 | Budget, Politics
The Homestead program, which cuts taxes for seniors, the disabled, and low-income families, is at second-lowest funding level of past decade
NJ Public Employees Ready to Hit Gov. Christie with New Pension-Funding Suit
John Reitmeyer | March 4, 2015 | Budget, Politics
Unions want Christie back in court to explain why he plans to skimp on billions of dollars in committed payments in coming fiscal year
Christie Pushes Ahead With Business-Tax Cuts, Racking Up $600M in Lost Revenue
John Reitmeyer | March 3, 2015 | Budget
Next year’s budget calls for $660M more in business-tax breaks, despite depleted transportation fund and court-ordered pension payments
Should the State Offload Teacher Retirement Benefits Onto Local School Districts?
John Reitmeyer | March 2, 2015 | Budget, Education
That’s one of the suggestions of Christie’s expert commission, but the big question is what happens to property taxes
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
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
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
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