Senate Budget Committee hearing marked by sharp exchange with O’Scanlon; committee Chair Sarlo stresses savings must come before state borrows a single dollar
Fine Print: What to Watch for as NJ Lawmakers Examine Gov. Phil Murphy’s Emergency-Borrowing Proposal
The Murphy administration has adjusted budget plans to account for the pandemic’s impact on state revenues, but wants greatly expanded borrowing authority; will legislators agree?
Nonpartisan Office of Legislative Services predicts less daunting shortfall on same day that Treasurer Elizabeth Maher Muoio tells lawmakers why major changes needed in budget
Investment returns for first 10 months of fiscal year edge into negative territory; value of pension funds in April drops to $74B, down almost $6B
Sales of new cars could also help patch some of the holes in state’s pandemic-battered tax collections and budget
[Updated: May 26, 2020] State Treasurer Elizabeth Maher Muoio outlined spending cuts, deferrals on Friday; three-month supplemental budget plan must be adopted next month
New Jersey residents never thought they’d want to see more traffic, but with April’s turnpike and parkway revenues down 60%, more cars could play a ...
Retaining independent counsel to aid with bond issues not unusual, but some lawmakers say Murphy has run afoul of constitutional limits this time out
Bipartisan legislation co-sponsored by Sen. Menendez would factor in infection rates, population and revenue losses
Proposal easily clears Legislature, but Murphy has been hard to read on plan that taps new federal benefits allowing furloughed workers to offset lost wages ...