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Budget

One for the Books: $125M Library Bond Issue on November Ballot

John Reitmeyer | July 25, 2017 | Budget

If the bond sale is approved, it will be the first sizable chunk of money NJ libraries have gotten since $45M grant program almost 20 years ago

Time to Take Another Crack at Closing the State’s Budget Gap?

John Reitmeyer | July 24, 2017 | Budget
Consensus forecasting, according to advocates, could eliminate the ‘April surprise’ that sends the state scrambling to make up funds when tax collection projections don’t match reality
Tell Us What You Want to Know About New Jersey’s Finances
NJ Spotlight Staff | July 19, 2017 | Budget
Your questions can help shape our coverage of this admittedly complex subject. Use this interactive tool to tell us what you want to know more about
Race to the Bottom: NJ Ranked Dead Last of All 50 States for Fiscal Health
John Reitmeyer | July 18, 2017 | Budget
Persistent underfunding of public-employee pension system looks to have been a key factor in dismal showings in state-by-state comparisons
Push to Find Funding for Local Journalism — While Trenton Is ‘out of Town’
John Reitmeyer | July 17, 2017 | Budget
Grass-roots effort to tap into cash from sale of public airwaves will continue through summer and into 2018 if need be, organizers say
Gov Touts Lottery as Answer to NJ’s Pension Problems, but Critics Deride Plan
John Reitmeyer | July 6, 2017 | Budget, Politics
A wise policy change? That depends on how the Lottery performs over the next 30 years
With Budget Signing, State is Back in Business — Just in Time for the 4th
John Reitmeyer and Lilo H. Stainton | July 4, 2017 | Budget, Politics
Legislative triple play — budget, Horizon bill, and Lottery transfer — break the logjam that brought all but essential services to a standstill across state
Budget Deadlock Stretches into Day 3, Thousands of State Workers Idled
John Reitmeyer | July 3, 2017 | Budget, Politics
Governor has summoned lawmakers back to Trenton for morning meeting; Prieto and Horizon CEO agree to try to talk through differences
State Government Goes Dark
John Reitmeyer | July 1, 2017 | Budget, Politics
Lights out in Trenton as frustrated horse-trading can’t break the deadlock over state budget, leading to first government shutdown in more than a decade
Showdown or Shutdown: Will Dems Deliver on Deal Sweeney Cut with Christie?
John Reitmeyer | June 30, 2017 | Budget
In return for passing the Horizon and Lottery-transfer bills, the governor says he’ll sign the budget — and keep his veto pen to himself. Meanwhile, the budget-countdown clock keeps ticking
Extensive and Expensive: Coming to Terms with NJ’s Fiscal Challenges
John Reitmeyer | June 29, 2017 | Budget
First report in a new series takes a nonpartisan approach to fixing the state’s financial faults, from cutting back on retiree benefits to boosting the sales tax
Budget Committees in Upper and Lower Chambers Approve $34.7B Spending Plan
John Reitmeyer | June 27, 2017 | Budget
But even if plan passes full Legislature and goes to Christie in time, could New Jersey still be facing a government shutdown?
Getting Ballot Question on the Books for $125M Bond Sale for Local Libraries
John Reitmeyer | June 26, 2017 | Budget
If the lawmakers, governor, and residents go for it, bonds would fund matching grants to help libraries with capital projects
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
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