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Budget

$500M in New State Debt on November Ballot: Will Voters Be as Giving as Ever?

John Reitmeyer | October 23, 2018 | Budget

General-obligation bonds would fund expansion of vo-techs and other upgrades to educational facilities

New Jersey’s Tax System Ranked among Fairest in the Country

John Reitmeyer | October 18, 2018 | Budget
Report by left-leaning institute cites progressive income-tax structure and fact that Garden State doesn’t overly rely on sales tax
Grewal ‘Proud to Lead’ Latest Challenge to IRS on Federal Tax Changes
John Reitmeyer | October 15, 2018 | Budget
The Internal Revenue Service proposed new rules to stymie ‘blue’ state efforts to get around a federal cap on SALT deductions. Attorneys general reveal how they plan to fight back
Web Guide to NJ Property Taxes: Everything Except Why They’re So High
John Reitmeyer | October 11, 2018 | Budget
Online guidebook walks residents through all the aspects of property taxes, including how the revenue is divvied up, using easy to understand graphics and examples
Countdown to New State Sales Tax on Online Shopping
John Reitmeyer | October 9, 2018 | Budget
The big holiday retail season is almost upon us. Likewise, a new state tax on online sales that’s expected to bring New Jersey hundreds of millions of dollars in revenue
Making Case for Public Bank in NJ, Even as Murphy Plan for It Hasn’t Materialized
John Reitmeyer | October 5, 2018 | Budget
Governor was a big proponent of a state-run bank when on the campaign trail, but he’s said little about it since he’s been in office
Will NJ Employers Be Obligated to Ensure Federal Tax Break for Commuters?
John Reitmeyer | October 4, 2018 | Budget
New Jerseyans, like other Americans, can get a nice tax benefit for their commuting costs, but only if their employers sign up for it. State lawmakers want to make that a requirement
Thousands of Amazon Workers in NJ to Benefit from New $15 Minimum Wage
John Reitmeyer | October 3, 2018 | Budget
Online retailer will apply increase from November 1. Decision draws out supporters of statewide wage increase, Gov. Phil Murphy included
Murphy’s Technology-Driven Tomorrow Starts with $500M Venture Capital Fund
John Reitmeyer | October 2, 2018 | Budget
In major policy address, governor envisions 300,000 new jobs by 2025, says aggressive clean-energy goals and increased financial aid for community college will help state reach that number
Sweeney Panel Proposes ‘401(k) Pension’ for Some State, Local Workers
John Reitmeyer | October 1, 2018 | Budget
Unions are already mobilizing against key recommendation from Senate President’s fiscal policy experts, who say pension change could save the state billions of dollars
Public Pension Funds Beat Expectations for 2018, Might Be Hard to Repeat
John Reitmeyer | September 28, 2018 | Budget
New Jersey has one of the worst-funded public retirement systems in the country. But it got good news yesterday, with better than expected investment returns
After a Few Glitches, Lucrative Tax Credits for AC Airport Are Almost There
John Reitmeyer | September 28, 2018 | Budget
Plan to diversify the South Jersey economy with a ‘growth zone’ focuses on aviation and technology. But further incentives are up in the air
State Issues New Rules on SALT Workaround And Gives Warning About IRS
John Reitmeyer | September 26, 2018 | Budget
Attorney General says he will fight IRS in court if need be, as Murphy administration looks to help residents avoid hefty tax hikes because of federal cap on deductions
Bigger NJ Tax on Aviation Fuel Advances, United Airlines Not Pleased
John Reitmeyer | September 25, 2018 | Budget
Millions of dollars in increased revenue eyed to fund extension of PATH train service to Newark airport. United spokesman raises prospect of re-evaluating future investments in New Jersey
NJ Among Most Vulnerable States if Recession Hits — Ratings Analysts
John Reitmeyer | September 24, 2018 | Budget
Moody’s, S&P fault Trenton’s reliance on last-minute scrambling for one-time sources of revenue, inadequate reserves, and absence of sustainable fiscal policies
Murphy’s Revisions to Public-Employee Health Plans Could Save Taxpayers $500M
John Reitmeyer | September 18, 2018 | Budget
Workers should see only slight increases to premiums, or possibly small reductions, while governor claims the deal shows what happens when cooperation replaces conflict
As Gas Consumption Sags in NJ, State Tax on it Set to Rise Next Month
John Reitmeyer | September 17, 2018 | Budget
Further increases are possible, linked to maintenance of funding for transportation and infrastructure projects
Dollar Signs and Smiles All Round After First Three Months of Sports Betting
John Reitmeyer | September 14, 2018 | Budget
Gamblers in New Jersey bet close to $100 million on sporting events last month. Operators and lawmakers salivate at prospect of growing revenue
How to Boost Jersey Shore Tourism: End State Diversion of Revenue for a Start
John Reitmeyer | September 13, 2018 | Budget
If the region wants to extend its season, it needs more events, better marketing, and improved transportation — and the state to stop siphoning off hotel-room taxes
GOP Rub SALT in Wound, Push for Permanent Cap on Tax Deduction
John Reitmeyer | September 12, 2018 | Budget
Adding to woe for New Jerseyans, IRS undercuts Murphy administration’s attempt to help taxpayers get around federal limit on deduction for state and local taxes
Tech and Aviation Center at Atlantic City Airport Can’t Get off Ground
John Reitmeyer | September 11, 2018 | Budget
Murphy CV of lawmakers’ plan to offer tax incentives to attract industry to area once again earns the ire of Sweeney, one of the sponsors of proposed measure
NJ’s Missing Apprentices: State Urged to Do More to Increase their Number
John Reitmeyer | September 10, 2018 | Budget, Social
New Jersey compares poorly with other states when it comes to supporting apprenticeship programs. Report urges policymakers to introduce robust incentives
NJ Gas Tax Likely to Increase Because Revenue Is Coming Up Short of Target
John Reitmeyer | August 16, 2018 | Budget
Final decision a couple of weeks away, but tax is likely to be raised by a few pennies to maintain the Transportation Trust Fund
Gearing Up for the Future: New Jersey Gets its First Innovation Chief
Carly Sitrin | August 16, 2018 | Budget, Politics
Veteran of Obama administration, tech and academic worlds, is given job of harnessing tech to update government in New Jersey
Trump Tariffs Squeeze New Jersey Manufacturers, Disrupt Supply Chain
John Reitmeyer | August 15, 2018 | Budget
The tariffs ‘have been pretty much a nightmare,’ one executive tells lawmakers, who want to help but are not able to do much to protect local industry
Tougher Ethics Rules for Council that Guides Public Pension Investments
John Reitmeyer | August 14, 2018 | Budget
Questions raised about some previous decisions have led to new restrictions on panel that determines broad strategies and asset allocation for public-worker pension system
Cut Public-Worker Benefits, Merge School Districts — Sweeney Panel Recommends
John Reitmeyer | August 10, 2018 | Budget
Commission assembled by Senate President proposes aggressive measures to address New Jersey’s fiscal problems. Teachers union responds in the negative, governor noncommital
Princeton Merger Pays Off in Property-Tax Slowdown, Better Services
John Reitmeyer | August 7, 2018 | Budget, Planning
Five years after borough and township consolidated, officials say homeowners and municipality have saved money, and services have improved
Budget Breakdown: What’s Driving Big Boost in Transportation Spending?
NJTV News | August 6, 2018 | Budget
NJTV News special report on state budget examines transportation’s allocation with NJ Spotlight’s John Reitmeyer
Make Extra Mortgage Payments, Get a New State Tax Credit
John Reitmeyer | August 1, 2018 | Budget
Homeowners in high-cost New Jersey could get a small NJ tax break as GOP still pushes for federal tax changes harmful to the state
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