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Liberal Groups Call for Reform of State Tax Incentives Now, Not Later

John Reitmeyer | September 19, 2019 | Budget

With lawmakers still evaluating New Jersey’s controversial business incentive programs and at odds with Gov. Phil Murphy over his desire for a major overhaul, liberal activists are impatient for progress

STEM Teachers Could Get Up to $20K in College Loan Aid

John Reitmeyer | September 17, 2019 | Budget, Education
Senate passes legislation to give STEM educators a hand with paying off existing student loans or help funding advanced degrees
NJ Public Worker Healthcare Costs to Decrease Next Year
John Reitmeyer | September 9, 2019 | Budget
State treasurer acclaims “good news” for property taxpayers but officials provide no estimates of taxpayer savings. Some Medicare retiree rates will rise
Experts: NJ’s Tax Incentives Are Not The Only Way To Grow An Economy
John Reitmeyer | September 6, 2019 | Budget
At hearing, lawmakers are told that providing tax relief for companies looking for a place to set up shop has limited value, at best
CPAs: Action From Congress Needed To Help Reduce Student-debt Load
John Reitmeyer | September 4, 2019 | Budget, Education
State professional association says indebted clients are putting off saving for retirement and buying a home
A Hike In The Gas Tax? We’ll Know By The End Of The Month
John Reitmeyer | August 16, 2019 | Budget
The possibility of an annual reset in the rate paid at the pump was part of the 2016 renewal of the depleted fund for road improvements
Law Eases Burden of NJ Towns Facing Big Refunds for Successful Tax Appeals
John Reitmeyer | August 15, 2019 | Budget
Garden State municipalities will now have up to three years to refund local commercial property owners for tax judgments over $100,000
Plug Pension Hole By Curbing Traditional Plan? It May Not Be Best Strategy
John Reitmeyer | August 14, 2019 | Budget
Closing their so-called defined benefit plans to new workers has not worked out well in four states that tried it
Murphy Hopeful of Deal on Tax Breaks Even as Veto and Override Are in Mix
John Reitmeyer | August 12, 2019 | Budget
Governor wants major reform of controversial tax-incentive programs; lawmakers want to renew them, unchanged, pending an overhaul
Two Modest Steps Toward Developing Murphy’s Cutting-Edge Economy in NJ
John Reitmeyer | August 9, 2019 | Budget
Governor enacts laws to establish ‘innovation districts’ and task force to study use of blockchain technology in government
Why Is State’s Public Pension System Still Invested in Gun Industry?
John Reitmeyer | August 7, 2019 | Budget
Following last year’s mass shooting at a Florida high school, some state lawmakers sought to ban pension-plan investments in gunmakers, but their bill went nowhere; Treasury also promised to review the holdings
As Murphy Takes Bow for Record Low Unemployment, Critics Fear Future Shock
John Reitmeyer | August 5, 2019 | Budget
Governor proud of economic policies that have been ‘paying real dividends.’ Critic says ‘cumulative impact’ of tax hikes could bite if recession occurs
Brave New World for Local Governments: No 2% Salary Caps for Cops, Firefighters
John Reitmeyer | August 1, 2019 | Budget
County and municipal officials meet in Trenton to get schooled in best ways to negotiate with labor unions now that 2 percent arbitration cap no longer available
Tax Incentives: Defenders Have Their Say in Front of Receptive Lawmakers
John Reitmeyer | July 30, 2019 | Budget
New Jersey legislators question whether state’s new oversight measures are too stringent. Controversial tax breaks remain source of dispute between governor and many in Legislature
Watchdog: Trenton Can Do More To Hedge Against Future Revenue Drops
John Reitmeyer | July 23, 2019 | Budget
During the Great Recession, the lack of a rainy-day fund put pressure on property-tax relief programs and the public-worker pension funding
Moody’s Warns About Effect of Funding Freeze on Distressed Municipalities
John Reitmeyer | July 22, 2019 | Budget
Rating agency alerts investors to potential trouble if Gov. Phil Murphy’s suspension of $105 million in ‘transitional aid’ remains in place
New Jersey Files Suit over IRS Decision Blocking SALT Workarounds
Briana Vannozzi | NJTV News | July 18, 2019 | Budget
Attorney general says lawsuit challenges Trump administration cap as ‘unlawful’ and ‘violation of our federal tax code’
$1M in State Funding for Local News Consortium Is Up in the Air
John Reitmeyer | July 15, 2019 | Budget
Gov. Murphy has put that money and dozens of other spending items on hold over budget concerns
NJ Transit Emerges Unscathed From Trenton’s Battle Of The Budget
John Reitmeyer | July 12, 2019 | Budget
Net financial support for the beleaguered transit agency is up $75 million in the recently approved spending plan
Smarter Electronic System Will Track Sale of Corporate Tax Credits in Real Time
John Reitmeyer | July 11, 2019 | Budget
Better monitoring will make it easier for Department of Treasury to keep tabs on tax incentives when they’re redeemed, making financial projections and budgeting more accurate
Public gets to weigh in on state's embattled tax-break programs
John Reitmeyer | July 10, 2019 | Budget
Task force also hears more about controversial Camden award made to nuclear-parts manufacturer Holtec International
Murphy’s Budget Freeze Hits Aid for Needy Towns
Brenda Flanagan | NJTV News | July 8, 2019 | Budget
Decision creates difficulties for municipalities like Paterson, Atlantic City and Camden
In Trenton, There’s Agreement On One Form Of Tax Break, At Least
John Reitmeyer | July 3, 2019 | Budget
Governor signs law doubling the ‘angel investor’ credit, available to those who fund biotech firms and other startup companies
Fiscal 2021 Budget Could Be a Bear If Murphy, Sweeney Stick to Their Guns
John Reitmeyer | July 2, 2019 | Budget
Governor and top Dem seem more interested in rehearsing old battles than planning for a budget that will include a $4.5 billion contribution to public-worker pension system — and that’s just one challenge
Murphy Signs $38.7B Budget But Uses Line-Item Veto to Clip Lawmakers’ Wish List
John Reitmeyer | July 1, 2019 | Budget
Governor redlines nearly $50 million in legislative spending and impounds another $235 million
NJ’s Minimum Wages Rises to $10 Today in First Step Toward $15
Colleen O'Dea | July 1, 2019 | Budget
The law increasing New Jersey’s minimum wage from the current $8.85 bears first fruit today
Murphy Reveals Line-Item Vetos for Budget, Sweeney Has Last Word — for Now
NJ Spotlight and NJTV News | June 30, 2019 | Budget
Given the rancor of the budget run-up, it's no surprise the governor and Senate president continue to disagree — even after it's a done deal
Murphy Details Line-Item Vetos, Sweeney Argues Some Cuts Are Misguided
NJ Spotlight and NJTV News | June 30, 2019 | Budget
There's no love lost between governor and Senate president, even though they've been more amicable of late. Budget compromises give both more reasons to disagree
Murphy: There Will Be No Shutdown of State Government
John Reitmeyer | June 28, 2019 | Budget
Announcement signals governor has given up on push to make a true millionaires tax part of Trenton’s next budget
Budget Breakdown: Where the Governor and Legislature Disagree
NJTV News | June 28, 2019 | Budget
Although their spending proposals differ little in size, the sides are far apart on key issues. NJ Spotlight’s John Reitmeyer explains
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