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Budget

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
Trenton Starts to Sizzle, Governor Duels with Leading Dems Over Budget
John Reitmeyer | June 19, 2018 | Budget
Amid competing press conferences, clashing news releases, and governor’s threat to veto Legislature’s appropriations bill, possibility of government shutdown increases
Appropriations Bill from Democratic Lawmakers, First Salvo in Budget Battle
John Reitmeyer | June 18, 2018 | Budget
Despite overall accord, legislators and governor still have issues to hash out, especially when it comes to funding public-employee pensions, K-12 education, and mass transit
‘Tax Us,’ Says NJ Millionaire to Legislators Who Resist Murphy Budget Plan
John Reitmeyer | June 15, 2018 | Budget
Garden State’s ‘Patriotic Millionaires’ dismiss concerns the rich will be chased away if they have to pay more in taxes
State Freezes Charity Care for Hospitals — Revenue Crunch, Budget Blamed
John Reitmeyer and Lilo H. Stainton | June 13, 2018 | Budget, Healthcare
Seventy acute-care facilities are affected but will continue to treat patients. Funding for graduate-medical education also a casualty of New Jersey’s budgetary woes
More Scrutiny of Deals that Municipalities Make with Developers?
John Reitmeyer | June 12, 2018 | Budget
State lawmakers want increased regulation of local tax agreements that can adversely affect funding for school districts
Trying to Strike Delicate Balance on Size of State’s Budget Reserves
John Reitmeyer | June 7, 2018 | Budget
Murphy’s plan to bump up the budget reserves should make credit-rating agencies happy, but if lawmakers want the money to go to more pressing needs, it could mean another downgrade
Governor, Democratic Leaders Tiptoe Toward Accord on School Aid
John Reitmeyer | June 5, 2018 | Budget
But with weeks to go before state budget must be enacted, other impediments need to be negotiated
Sweeney’s Fix for School Funding Would Cut Some Districts' Adjustment Aid
John Reitmeyer | June 1, 2018 | Budget
Senate President’s aim is to gradually help ‘underfunded’ districts while undoing the ‘overfunding’ of others
Could Accelerated Drop in Revenue Lead to Reinstating NJ Estate Tax?
John Reitmeyer | May 31, 2018 | Budget
Analysts say New Jersey’s estate and inheritance tax collections down more than $100 million compared to original forecasts
Coalition Wants More Tax Hikes on NJ’S Wealthy to Aid Low-Income Residents
John Reitmeyer | May 25, 2018 | Budget
Group supports governor’s plan for $1.7 billion in increased taxes, also proposes renewal of estate tax and other levies
Byrne Bows out of Key Investment Panel as Murphy Puts His Stamp on It
John Reitmeyer | May 24, 2018 | Budget
Son of former governor satisfied he helped draw attention to state pension system’s huge unfunded liability and need for action
Is New Jersey’s Gas Tax About to be Pumped Up?
John Reitmeyer | May 23, 2018 | Budget
Projections suggest revenue from the tax may not generate enough to meet annual target for funding transportation projects, thus triggering an automatic increase
No ‘April Surprise’ in State Taxes, Budget Strain Remains for Murphy and Lawmakers
John Reitmeyer | May 22, 2018 | Budget
Hopes fizzled in State House that last month’s income taxes would rise above projections and ease disagreements over governor’s budget plan
Oliver Defends Murphy’s Flat Funding for Municipalities and His Raid on Housing Aid
John Reitmeyer | May 17, 2018 | Budget
Lt. Gov. blames budgetary constraints for failure to boost aid, says administration will help local officials in other ways
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