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Budget

The Message Is a Big Part of the Mission for State Veterans Programs

John Reitmeyer | April 17, 2019 | Budget

New Jersey is home to some 340,000 men and women who have served their country in the military

Murphy, Sweeney in Accord, More Money Should Go to Expanded Pre-K

Michael Aron | NJTV News | April 16, 2019 | Budget, Education
Governor’s proposal would add another $68 million to the current allocation of $738 million all told
Task Force Finds Potential Crimes in NJ’s Tax-Incentive Programs
John Reitmeyer | April 15, 2019 | Budget
Panel set up to examine the state’s controversial economic-development tax breaks announces evidence of ‘potential criminal violations’ but gives no details
Is the Federal SALT Cap Putting NJ Residents on the Road to Other States?
John Reitmeyer | April 12, 2019 | Budget
Some anecdotal evidence suggests more New Jerseyans are moving out of state, but independent fiscal analysts say there’s no sign of an outmigration exodus
NJ’s New Bail Program in Financial Bind: Judiciary Wants State Funding
John Reitmeyer | April 10, 2019 | Budget
Budget committee hears that without a long-term fix for pretrial system’s financing, ‘judiciary will be forced to take cost-cutting measures’
New Scrutiny of Longtime Income Cap on NJ Seniors’ Property-Tax Relief
John Reitmeyer | April 8, 2019 | Budget
Governor’s budget plan keeps lid on income eligibility for the ‘senior freeze’ program. But, amid concerns over outmigration, lawmakers may seek adjustment
NJ’s Unemployment Trust Fund Bounces Back, with Big Savings for Business
John Reitmeyer | April 5, 2019 | Budget
The fund has been replenished since a 2010 constitutional amendment prohibited it from being raided for other purposes. Other revenue streams are not as protected
Lawmakers at Budget Hearing Quiz AG on Hot Legal Issues
John Reitmeyer | April 4, 2019 | Budget
Legislators zero in on bail reform, marijuana legalization, court actions against Trump administration and more
Resistance to Murphy’s Tax on Millionaires Out in Open at Budget Hearing
John Reitmeyer | April 3, 2019 | Budget
In second day of hearings concerning governor’s proposed budget for fiscal year 2020, lawmakers underline their aversion to tax hikes, including on high earners
Treasury Urges Lawmakers to Pump Up State’s Meager Fiscal Reserves
John Reitmeyer | April 2, 2019 | Budget
State’s top financial analysts caution legislators to protect $1 billion budget surplus projected for fiscal year 2020 rather than raid the funds
Small Tax Break in Cards for New Jersey’s Metal Manufacturers
John Reitmeyer | April 1, 2019 | Budget
Sponsors say it would allow New Jersey foundries to better compete with those elsewhere in U.S. and would have minimal impact on state budget
Whistleblower Says Her Former Company Lied in EDA Tax-Incentive Application
John Reitmeyer | March 29, 2019 | Budget
Testimony before task force adds to concerns that state’s economic-development programs were loosely administered and prone to abuse
Paterson’s School Funding Woes Dominate Public Budget Hearing
Michael Aron | NJTV News | March 28, 2019 | Budget, Education
Assembly committee is told Paterson school district is facing severe deficit, would have to make ‘massive’ staffing cuts if nothing changes
NJ Pension System Unlikely to Meet FY2019 7.5% Assumed Rate of Return
John Reitmeyer | March 28, 2019 | Budget
Investments generated just under 2 percent for first eight months of current fiscal year, according to new figures released by New Jersey State Investment Council
Kean Spearheads, Senate OKs NJ Tax Write-Off for Charitable Giving
John Reitmeyer | March 26, 2019 | Budget
Move was given impetus by federal tax changes. Supporters say it would help food banks, shelters, other nonprofits but Assembly has yet to act
Lawmaker Wants to Halt Automatic Minimum Wage Increases if Economy Dips
John Reitmeyer | March 25, 2019 | Budget
Assemblyman Roy Freiman wants ‘off-ramp’ that would temporarily suspend wage hikes if unemployment rose or state revenues declined
Moody’s: State Revenue Shortfall Could Roil Murphy’s Budget
John Reitmeyer | March 22, 2019 | Budget
Rating agency says income-tax receipts need to rise by 17 percent to match projections; is ‘uncertain’ state will get there
NJ Whistleblower Case Shows Christie Pressure for Tax Breaks
WNYC News | March 22, 2019 | Budget
The suit provides a window into a program that Gov. Murphy has called ‘an $11 billion black hole’
Speakers at Budget Hearing Get Messages Across — Despite 3-Minute Clock
John Reitmeyer | March 21, 2019 | Budget
Students, parents, teachers explain how funding cuts will hurt districts, while those getting more cash celebrate new lease on educational life. Millionaire’s tax, other topics explored as well
Pascrell Tries to End Big Tax Break for Wealthy Investment Managers
John Reitmeyer | March 20, 2019 | Budget
Proposed legislation would change how federal government treats ‘carried interest.’ Congressman says no place for a ‘parallel tax code’ for the rich
Trenton Seeks $10M a Year to Offset Revenue Lost on Tax-Exempt State Buildings
John Reitmeyer | March 19, 2019 | Budget
Measure to reinstate ‘Trenton Capital City Aid’ clears Senate committee, looks to have the backing of Murphy administration
The Provocative Millionaire’s Tax: Its Potential (and Past) in NJ
John Reitmeyer | March 18, 2019 | Budget
Gov. Phil Murphy’s determination to try again for a true millionaire’s tax could make budget negotiations with fellow Democrats difficult. How many of them know the origin of his plan?
State Budget for 2020: Now It’s the Public’s Turn to Weigh In
John Reitmeyer | March 15, 2019 | Budget
Four legislative hearings on Gov. Phil Murphy’s $38.6B spending plan for the coming fiscal year will be held over the next two weeks
Are Camden’s Millions in Tax Incentives Benefiting Residents?
Michael Hill | NJTV News | March 15, 2019 | Budget
In poor city, praise for the economic opportunity the incentives spur, but some have doubts
Race Is on to Win Federal ‘Opportunity Zone’ Tax Incentives
John Reitmeyer | March 11, 2019 | Budget
Officials in communities across the state are studying how to jumpstart redevelopment with federal program’s tax breaks
Business Leaders Say They’re Falling Behind, Need State Help
Brenda Flanagan | NJTV News | March 11, 2019 | Budget
Chamber of Commerce head suggests lower taxes, an improved transportation infrastructure, and a lot less regulation required
With Aid from Trenton Flat, Municipal Officials Foresee Problems
Colleen O'Dea | March 8, 2019 | Budget
While inflation has risen 21 percent since mid-2007, total state aid to towns is down almost 11 percent over that time
Sweeney on Murphy Budget: He’d Like More Savings, No Millionaire’s Tax
John Reitmeyer | March 8, 2019 | Budget
Senate president also presses governor to quadruple planned subsidy for New Jersey Transit, to $100 million
Revenue Forecast Cut for FY2019 Income Tax, Shortfall Worries Eased
John Reitmeyer | March 7, 2019 | Budget
Administration does more than cut, bumps up corporate business-tax projections by nearly $700 million
Murphy’s Budget Is $1B Bigger than Last Year’s, Promises $1B in Savings
John Reitmeyer | March 6, 2019 | Budget
Governor’s proposal receives a far less hostile response from fellow Democrats than his budget last year, although they still seem at odds over possible tax hikes
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