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Budget

Christie’s School Funding Surprise: Maintain the Status Quo
John Mooney | March 1, 2017 | Budget, Education
Governor pledges 100-day window to work with lawmakers to fix funding, but caps offer with veiled threat if no solution is reached
2017 Gubernatorial Hopefuls Respond to Christie’s Budget Address
Colleen O'Dea | March 1, 2017 | Budget
No shortage of skepticism and criticism from members of the governor’s own party, as well as from other contenders
If Feds Step in to Address Pension Crisis, Public Workers Won’t Be Winners
NJTV News Online | February 28, 2017 | Budget
Former state treasurer and NJ Spotlight contributor Andrew Sidamon-Eristoff discusses the federal government helping New Jersey and other states with public-pension problems
Christie’s Public Pension Legacy: Broken Promises, No Effective Fixes
John Reitmeyer | February 21, 2017 | Budget
As he nears end of second term, governor still struggling with state’s deeply troubled public-worker pension system, while some stakeholders look to a new administration for relief
Could Commonsense Rules Fix Some of New Jersey’s Budget Problems?
John Reitmeyer | February 7, 2017 | Budget
Inability to replenish ‘rainy day’ savings account is significant problem for Garden State
2016 Investment Returns for Public-Employee Pension Up 7%, Much Better Than in 2015
John Reitmeyer | January 26, 2017 | Budget
New figures don’t negate fundamental funding problems, but they bring some good news for the beleaguered pension system
NJ Seeks Help from Bankers to Bring Down Public-Worker Pension Costs
John Reitmeyer | January 10, 2017 | Budget
Spokesman says Treasury hopes for ‘new and innovative ideas’ for what is now the worst-funded system in the U.S.
Fine Print: What’s Coming For New Jersey Taxpayers As New Cuts Take Effect
John Reitmeyer | December 21, 2016 | Budget
Phasing out the estate tax gives big breaks to the richest, while cutting the sales tax benefits everyone a little
Christie Signs Off on Quarterly Contributions to Public-Worker Pensions
John Reitmeyer | December 16, 2016 | Budget
New law still allows officials to skip or short payments if state is having revenue problems
Bid to Allow Public Pension System to Invest Heavily in TTF Bonds
John Reitmeyer | December 9, 2016 | Budget
There’s a bipartisan move to have the pension system buy more transportation fund bonds than previously allowed, in the belief it would be mutually beneficial
NJBIA Members Optimistic About Their Businesses, Less So About NJ’s Economy
John Reitmeyer | December 7, 2016 | Budget
Group’s annual survey found 70 percent of business owners plan to give workers raises this year, most expect revenue and profit to grow or at least stay the same
Pension Leaders Question if NJ Should Do More to Shore Up System
John Reitmeyer | December 1, 2016 | Budget
Amid efforts by lawmakers to improve the funding of the public-employee pension system, there are calls for more aggressive action
Christie Reverses Course, Keeps Reciprocal Income-Tax Agreement with Pennsylvania
John Reitmeyer | November 23, 2016 | Budget
No new taxes! South Jersey residents and businesses get a reprieve from governor who changed his mind about ending income-tax accord with Pennsylvania
Can Quarterly Payments Help Rescue NJ’s Underfunded Pension System?
John Reitmeyer | November 22, 2016 | Budget
Christie gets bipartisan plan that he calls ‘more fair than the previous proposals,’ but it offers no constitutional guarantee enforcing payments
New NJ Tax on Hedge Fund Honchos to Make Up for Federal ‘Loophole’?
John Reitmeyer | November 21, 2016 | Budget
State legislators want to put a big tax on fees earned by hedge fund managers who, thanks to federal regulations, are taxed at ‘a lower rate than teachers or firefighters’
S&P Global Downgrades NJ’s Credit Rating Again
John Reitmeyer | November 15, 2016 | Budget
Concerns about state’s public-employee pension system and new package of tax cuts indicate financial problems will persist into next governor’s term, possibly beyond
Is Christie Resolved to End Bistate Tax Deal with Pennsylvania?
John Reitmeyer | November 8, 2016 | Budget
Change would hike taxes for low-income New Jersey commuters and high-income Pennsylvanians, with more paperwork for all
First Quarter FY2017 Tax Collection Could Be Harbinger of Budget Year
John Reitmeyer | October 11, 2016 | Budget
Tax changes associated with the gas-tax increase expected to help revenue at first — until cuts kick in
Moody’s Issues ‘Credit Negative’ in Response to Passage of TTF Legislation
Chase Brush | October 11, 2016 | Budget
Wall St. firm raises fiscal concerns about effect of tax cuts included in bill to replenish Transportation Trust Fund
Too Soon to Talk TTF Compromise, but if Christie Budges Will Sweeney Follow?
John Reitmeyer and Chase Brush | September 20, 2016 | Budget, Transportation
Meanwhile, several alternative have emerged, including a hybrid solution that incorporates cuts to estate and sales taxes
Consent Order Brings Teachers, Administration to Benefits Table
Chase Brush | September 14, 2016 | Budget
NJEA has refused to meet, saying unfilled seat on health benefits commission tips balance of power in favor of Christie
Judiciary Panel Votes to Send Christie's Treasury Nominee to Full Senate
John Reitmeyer | September 13, 2016 | Budget
Governor’s pick to oversee the state budget defended administration’s TTF position during hearing
Fine Print: NJ Fantasy Football Players Face No Changes as NFL Season Begins
John Reitmeyer | September 8, 2016 | Budget
Bill that would regulate and tax websites offering cash prizes has been released by Senate committees but has advanced no further
Christie Triggers Potential End to Income Tax Agreement With Pennsylvania
John Reitmeyer | September 7, 2016 | Budget
Allowing bistate commuters to pay income taxes where they live saves money for many in New Jersey, but governor says it’s hurting state’s bottom line
Christie’s Conditional Veto Could End Tax Break for Urban Enterprise Zones
John Reitmeyer | September 6, 2016 | Budget
Critics claim that requiring enterprise zones to charge full sales tax will cost them customers, could lead to layoffs and shutdowns
Local Governments in NJ: Big Cuts in Aid, Small Change In State Budget
John Reitmeyer | August 19, 2016 | Budget, Politics
With a stroke of his veto pen, Christie increased penalties for municipalities found to have strayed from best practices on transparency and fiscal accountability
No Credit Downgrade for NJ, Although Ratings Agencies Say Budget Problems Linger
John Reitmeyer | August 18, 2016 | Budget, Politics
Christie takes credit for the good news and downplays talk of high debt, slow growth, and low reserves
Senate President’s Failure to Act On Pension Amendment Enrages Public Unions
John Reitmeyer | August 9, 2016 | Budget, Politics
Sweeney says voters will be more likely to approve the question once the dispute about transportation funding is resolved
Guaranteed Funding for State Pensions Probably Won't Make Ballot
John Reitmeyer | August 5, 2016 | Budget, Politics
Sweeney continues to tie the amendment to getting a veto-proof majority for his plan to renew the Transportation Trust Fund
Sweeney Accuses Unions of Threats and Bribery Over Pension Funding
John Reitmeyer | August 4, 2016 | Budget, Politics
State’s top Democrat –- and probable gubernatorial candidate -- accuses NJEA and others of intimidation tactics
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