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Budget

NJ Gas Tax Likely to Increase Because Revenue Is Coming Up Short of Target

John Reitmeyer | August 16, 2018 | Budget

Final decision a couple of weeks away, but tax is likely to be raised by a few pennies to maintain the Transportation Trust Fund

Gearing Up for the Future: New Jersey Gets its First Innovation Chief

Carly Sitrin | August 16, 2018 | Budget, Politics
Veteran of Obama administration, tech and academic worlds, is given job of harnessing tech to update government in New Jersey
Trump Tariffs Squeeze New Jersey Manufacturers, Disrupt Supply Chain
John Reitmeyer | August 15, 2018 | Budget
The tariffs ‘have been pretty much a nightmare,’ one executive tells lawmakers, who want to help but are not able to do much to protect local industry
Tougher Ethics Rules for Council that Guides Public Pension Investments
John Reitmeyer | August 14, 2018 | Budget
Questions raised about some previous decisions have led to new restrictions on panel that determines broad strategies and asset allocation for public-worker pension system
Cut Public-Worker Benefits, Merge School Districts — Sweeney Panel Recommends
John Reitmeyer | August 10, 2018 | Budget
Commission assembled by Senate President proposes aggressive measures to address New Jersey’s fiscal problems. Teachers union responds in the negative, governor noncommital
Princeton Merger Pays Off in Property-Tax Slowdown, Better Services
John Reitmeyer | August 7, 2018 | Budget, Planning
Five years after borough and township consolidated, officials say homeowners and municipality have saved money, and services have improved
Budget Breakdown: What’s Driving Big Boost in Transportation Spending?
NJTV News | August 6, 2018 | Budget
NJTV News special report on state budget examines transportation’s allocation with NJ Spotlight’s John Reitmeyer
Make Extra Mortgage Payments, Get a New State Tax Credit
John Reitmeyer | August 1, 2018 | Budget
Homeowners in high-cost New Jersey could get a small NJ tax break as GOP still pushes for federal tax changes harmful to the state
Meadowlands Hotel-Room Tax Quietly Expanded Beyond Former Strict Limits
John Reitmeyer | July 31, 2018 | Budget
In little noticed move, tax broadened to cover all hotels in 14 district towns, not just those located within environmentally sensitive area
Budget Breakdown: The Billions Spent on Education
NJ Spotlight staff | July 30, 2018 | Budget
In the second special NJTV News report on Garden State budget, NJ Spotlight’s John Reitmeyer looks at the single biggest spending item, $15 billion on education
Sweeney Maneuvers to Strip Governor of Key Budget Power, Denies It’s Hostile
John Reitmeyer | July 24, 2018 | Budget, Politics
Governor has sole authority to certify revenues. But, if Senate President is successful, that won’t be the case for much longer
‘Sin Taxes’ Are Unlikely to Deliver Revenue Bonanza to New Jersey
John Reitmeyer | July 23, 2018 | Budget
Lawmakers in NJ recently enacted new taxes on e-cigarettes and sports betting. Analysis suggests the new taxes won’t do much for state coffers
Extra Homestead Credit in Pipeline, But Budget Ploy Keeps Lid on Amount
John Reitmeyer | July 20, 2018 | Budget
Homeowners who waited in vain for full NJ property-tax credit in May will get a makeup credit. But state has ways to keep lid on what’s paid out
NJ Tax-Incentive Programs Under Microscope — High Cost of Camden Jobs Noted
John Reitmeyer | July 19, 2018 | Budget
State should reform how it gives job-creation tax incentives to businesses, suggests new report that underscores high price tag for Camden jobs
Budget Breakdown: How Will New Spending Plan Affect Public Pensions?
NJ Spotlight Staff | July 16, 2018 | Budget
In first of a series of reports on NJTV News about the state budget, NJ Spotlight’s John Reitmeyer examines implications for public pension system
Murphy Administration Hopes to Save on Cost of Public-Worker Benefits
John Reitmeyer | July 13, 2018 | Budget
Renewed focus in Trenton on price tag of health insurance, as troubled pension system also expected to come in for more scrutiny
Senate Inaction Leaves Empty Seats on Critical State Investment Council
John Reitmeyer | July 12, 2018 | Budget
Panel deals with $78.6 billion public pension system, but governor’s eight nominees have yet to get a hearing
NJ Ranks Last Among States for Cost of Doing Business, but Other Signs Are Positive
John Reitmeyer | July 11, 2018 | Budget
Low mark for Garden State is cause for concern. On the bright side: high marks in education, diversity, access to capital
Budget Earmarks Funds to Build Affordable Homes in NJ — at Last
Colleen O'Dea | July 3, 2018 | Budget, Housing
While significant sum still allowed to be diverted, $15 million has been put aside specifically for constructing homes
What’s In the Budget and How Will it Affect You?
NJTV News | July 3, 2018 | Budget
Who wins? Who loses? Who pays more? Who gets a break? Who takes a hit? Where in the budgetary details is the devil?
Sweeney, Coughlin Show Governor Their Power in Budget Fight
John Reitmeyer | July 2, 2018 | Budget
Yes, Murphy got funding for nearly all his spending priorities. But he had to give up one of his core pledges, a millionaires tax, among other concessions to his fellow Democrats
Last-Minute Budget Deal Allows NJ To Avoid Government Shutdown
John Reitmeyer | June 29, 2018 | Budget
Final agreement on millionaires' and corporate tax boosts spending on education, property tax relief
Will Democrats Public Brawling Over Budget Hurt the Party Down the Road?
Colleen O'Dea | June 29, 2018 | Budget
Some pundits say clash was inevitable, the result of an inexperienced governor taking on powerful, ambitious legislative leaders
As Shutdown Clock Ticks, Murphy and Dem Leaders Duel Over Budget Plans
John Reitmeyer | June 28, 2018 | Budget
Legislative leaders want taxes on short-term summer rentals, boost in realty-transfer tax, but Murphy’s millionaires tax and increase in state sales tax still nowhere to be seen
NJ’s Budget Battle: Tax Breaks Are at Stake, Not Just Tax Hikes
John Reitmeyer | June 27, 2018 | Budget
Governor offers to compromise with Democratic legislative leaders, but fate unclear of tax breaks that would help low-income and middle-class New Jerseyans
Murphy Won’t Rule Out Line-Item Veto, but Keeps Talking with Legislators
John Reitmeyer | June 26, 2018 | Budget
Murphy and Democratic leaders try to bridge budget gap in closed-door talks and try to sway public opinion in competing press conferences
Explainer: Why Gov. Murphy and Lawmakers Can’t Agree on a New State Budget
John Reitmeyer | June 25, 2018 | Budget
But despite all the buster and ballyhoo, there’s still room for compromise — and still time to end the impasse before a government shutdown becomes imminent
Push Comes to Shove: Legislature Sends Its 2019 Spending Bill to Murphy
John Reitmeyer | June 22, 2018 | Budget
High rhetoric and low expectations as budget deal goes south. Next up: governor’s veto and government shutdown?
Money Drains as Lawmakers Slow to Approve Refinancing of NJ’s Transportation Debt
John Reitmeyer | June 21, 2018 | Budget
Governor gave go-ahead, but legislators haven’t acted. Officials estimate state has missed out on $1 million in savings in days
In Open Challenge to Murphy, Dem Lawmakers Move Their Own Spending Bill
John Reitmeyer | June 20, 2018 | Budget
Senate and Assembly budget panels vote out 2019 budget bill, risking governor’s veto and state shutdown at end of month
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