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Budget

Increasing Fiscal Transparency by Tracking, Reporting on Unspent Funds

John Reitmeyer | June 22, 2017 | Budget

Bipartisan effort would keep tabs on money allocated to programs and endeavors that is sometimes left to languish in various state accounts

Sweeney, Prieto to Christie: School Funding First, then We’ll Do the Budget

John Reitmeyer | June 20, 2017 | Budget
Legislative leaders want governor to agree to school-aid formula independent of budget, so Christie can’t line-item veto changes he doesn’t like in the spending plan
NJ Treasurer Pitches Plan to Use Lottery to Help Prop Up Public-Worker Pensions
John Reitmeyer | June 16, 2017 | Budget
Some lawmakers appear receptive to idea; others want Wall Street to vet the scheme, while union skepticism makes itself heard
2% Salary Cap for Police, Firefighters to Expire, Dems Block Debate on Renewal
John Reitmeyer | June 13, 2017 | Budget
Municipalities alarmed at financial consequences for local governments if cap goes while 2 percent property tax levy remains in place
Should NJ Deliver In-Depth Analysis of the Affordability of Its Debt?
John Reitmeyer | June 12, 2017 | Budget
A comprehensive debt-affordability analysis can be used as a tool to weigh future bond issues and the costs of servicing that debt
Taxing Hedge Fund Managers Just Like Regular Folks — a Matter of Fair Play?
John Reitmeyer | June 9, 2017 | Budget
Performance fees earned by hedge fund managers are taxed at a far lower rate than personal income. The difference to NJ: as much as $100M annually
Shining Light on Hefty Fees to Outside Managers of Public Pension Funds
John Reitmeyer | June 6, 2017 | Budget
Lawmakers want online publication of management fees and ‘stress tests’ of all funds in $73 billion pension system
Local Journalism in New Jersey Could Be in for $100 Million Windfall
John Reitmeyer | June 5, 2017 | Budget
Under a Democratic plan, a chunk of the $332 million proceeds from FCC spectrum auction could go to media, but Christie may want it all for the budget’s general fund
Moody’s Keeps NJ’s A3 Credit Rating but Says State Needs to Raise Taxes, Cut Spending
John Reitmeyer | May 26, 2017 | Budget
Rating agency also suggests Christie administration’s latest budget projections err on the rosy side
10.5% Returns for NJ Public Pension System, Big Turnaround from Last Year
John Reitmeyer | May 25, 2017 | Budget
Investment council maintains strategy, continues to cut back hedge funds, waits to see if Legislature will take up governor’s Lottery proposal
How Democratic, Republican Candidates Say They'd Ease NJ’s Fiscal Crisis
John Reitmeyer | May 24, 2017 | Budget, Elections 2017
School funding and tax phase-outs, pension benefits and closing loopholes — here’s a look at where this year’s gubernatorial hopefuls stake their claims
This Year’s Budget Blunder: Projected $527M Shortfall
John Reitmeyer | May 17, 2017 | Budget
Paying off Homestead tax-relief credits next fiscal year, tapping Clean Energy Fund cited as ways administration plans on finding revenue to close expected gap
Can Guadagno’s ‘Circuit Breaker’ Short-Circuit Rising Property Taxes?
John Reitmeyer | April 24, 2017 | Budget, Elections 2017
The lieutenant governor’s plan faces two immediate hurdles: inherent complexity and voter skepticism
NJ Voters Support Tax Hike for Millionaires, CPAs Say It Could Propel Rich to Leave
John Reitmeyer | April 12, 2017 | Budget
Majority of New Jerseyans back tax hike on the rich — if revenue is used for education and public pensions
Democrats, Republicans Dispute Size of Structural Deficit — and What It Means
John Reitmeyer | April 10, 2017 | Budget
Christie has used structured gap to campaign against incumbents, challengers; now he says he’s closed it — although Moody’s disagrees
OLS Projects New Jersey Taxes Will Be $223M Short
John Reitmeyer | April 7, 2017 | Budget
Growing concern that state budget will suffer from ‘Trump effect’ and that Christie administration’s revenue forecasts will not be met
NJ Hopes to Hit Budget Home Run with Daily Fantasy Sports Games
John Reitmeyer | April 4, 2017 | Budget
Analysts project that issuing permits and charging operations fees could bring in new annual revenue of $6.6 million
Betting on NJ Lottery to Help Bail out Public-Employee Pension System
John Reitmeyer | April 3, 2017 | Budget
Diverting $1 billion in lottery revenue is a fix, not a solution, some experts warn, and it raises a question: How would the state budget make up for funds that are redirected?
Fine Print: Long-Sought Compromise Will Increase NJ Property-Tax Transparency
John Reitmeyer | March 31, 2017 | Budget
An investigation originally undertaken by NJ Spotlight pays off as new property tax data will be posted on state’s governmental services website
Healthy Gains Reported for Pension Returns at NJ State Investment Council Meeting
John Reitmeyer | March 30, 2017 | Budget
Bump of over 8 percent for fiscal 2017 announced, even as Christie mulls bill giving cops, firefighters more control of their pension investments
Moody’s Downgrades NJ Credit Rating Fourth Time While Christie in Office
John Reitmeyer | March 28, 2017 | Budget
Rating agency identifies New Jersey’s chronically underfunded public pension system as one of main reasons for latest lowering of state’s grade
A Video Primer of New Jersey’s Property-Tax Relief Programs
NJTV News Online | March 27, 2017 | Budget
NJ Spotlight’s John Reitmeyer visits the studios of NJTV to talk property-tax relief
Police, Firefighters Edge Closer to Control of Own Retirement Fund
John Reitmeyer | March 24, 2017 | Budget
After lawmakers approve removal of PFRS from state pension system, the proposal goes to governor; whether Christie likes the plan or not, it may be veto-proof
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
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