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Budget

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
Leading Democrat Adamant There’s Going to Be No Government Shutdown
NJTV News | May 16, 2018 | Budget
‘As much as people would love to see’ governor and Democrats in Legislature fail to agree a budget, Sen. Sarlo says it’s not going to happen
NJ Lawmakers Hope to Cash in Fast as Supreme Court Rules in Favor of Sports Gambling
John Reitmeyer | May 15, 2018 | Budget
New Jersey’s dogged quest to enable legalized sports betting pays off with major court win. Now there’s a bipartisan effort in Trenton to push through legislation and top up state coffers as a result
Law Lets Local Governments Treat Property Taxes as Charitable Contributions
John Reitmeyer | May 7, 2018 | Budget
Mayors are happy with new workaround, and state’s congressional delegation says it’s willing to fight for it, but nonprofits think it could kill charitable giving they depend on
Murphy’s Latest Executive Order Looks to Crack Down on Misclassified Workers
John Reitmeyer | May 4, 2018 | Budget
EO would create task force to identify companies classifying full-time workers as independent contractors, a practice that costs state some $9 million every year
Is a Tax Amnesty for Delinquent Filers in the Offing for New Jersey?
John Reitmeyer | April 22, 2018 | Budget
If passed by Legislature, the proposal would eliminate some fines and penalties, but would not reduce the principal owed
Governor Shows Off Another Benefit of His Bigger Budget
John Reitmeyer | April 19, 2018 | Budget
Murphy highlights more money for Educational Opportunity Fund in his spending plan and doesn’t retreat from higher taxes despite lawmakers’ hesitancy
Is 2018 the Year When New Jersey, Ever in a Tax Fix, Finds a Fix for its Taxes?
John Reitmeyer | April 18, 2018 | Budget
New Jerseyans kvetch about the state’s high taxes, and nothing seems to change. But, momentum might now be with those who want a radical review of taxes and spending in the Garden State
The Goal Is Economic Growth, the Question Is How Best to Get There
John Reitmeyer | April 16, 2018 | Budget
For Gov. Murphy, investments and tax hikes would deliver the revenue to fuel expansion, but members of his own party are adamantly opposed to higher taxes
Lawmakers Want Voters to Approve $1B Bond Issue for School Safety and Vo-Techs
John Reitmeyer | April 13, 2018 | Budget
Original bond was for $500M to upgrade NJ’s vocational-technical and community colleges, but legislators want to double it to improve school security
Senate Approves Muoio for State Treasurer, Only Second Woman to Get the Nod
John Reitmeyer | April 13, 2018 | Budget
Former assemblywoman makes her own bit of history in a busy week — she was already doing the rounds, explaining governor’s budget plan to lawmakers
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