Credit-ratings agencies will be looking closely at how New Jersey proceeds

NJ was last state that levies an income tax to announce extension of its filing deadline; uncertainty over COVID-19’s long-term impact, federal aid, FY2021 spending ...

Governor has said it will not be April 15, but there’s been no real guidance beyond that, even as feds reset deadline for mid-July

Governor says delay is due to ‘a number of moving parts,’ such as how state will pay its own bills, amount of federal support

Returns likely down more than 10% in the current fiscal year, but Treasury says it has no plans to skip upcoming pension contributions

Fund is robust thanks to a series of reforms halting budget raids that had stripped it in the years before the Great Recession

Social-distancing measures have sent consumer spending into a tailspin, a sharp downturn felt all across the state economy that’s reducing revenues in all sectors

Murphy administration had boosted reserves to over $1B after state lawmakers had not prioritized the funds for years

But state officials are keeping close tabs on potential impact that major stock losses, ongoing effects of coronavirus outbreak could have on tax collections

As the governor and legislators get down to budgeting, make your voice heard on what the spending and taxing priorities should be