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John Reitmeyer

Atlantic City Takeover Yields Ambitious Scheme to Speed Turnaround
John Reitmeyer | April 25, 2019 | Planning
Implementation plan targets neighborhood revitalization, workforce development, community policing, public-health initiatives — among other goals
State Tax-revenue Growth In NJ Lags Well Behind Most Other States
John Reitmeyer | April 24, 2019 | Budget
Independent analysis shows tax collections in Garden State still fall shy of pre-Great Recession levels, while they have rebounded elsewhere by an average of 13.4 percent
NYC’s Congestion-Pricing Plan Wins No Friends on NJ Side of the Hudson
John Reitmeyer | April 23, 2019 | Transportation
Garden State commuters already pay stiff tolls for driving into the Big Apple, but there doesn’t seem to be much support for carveouts and exemptions
State Wants New Anti-Conflict Standard for Financial Advisers
John Reitmeyer | April 19, 2019 | More Issues
Installing ‘fiduciary’ rule at the state level would replace federal regulation that was set aside by the courts
NJ Transit Says Atlantic City Line, Princeton Dinky Back Next Month
John Reitmeyer | April 18, 2019 | Transportation
Agency announces new schedule for Atlantic City commuters and tourists, but offers no news for Raritan Valley Line, sidetracked for six months
The Message Is a Big Part of the Mission for State Veterans Programs
John Reitmeyer | April 17, 2019 | Budget
New Jersey is home to some 340,000 men and women who have served their country in the military
Pascrell Confident in Dems’ Strategy to Obtain Trump Tax Returns
John Reitmeyer | April 16, 2019 | Politics
Congressman says it’s important for Congress to know whether president has any conflicts of interest and is ‘paying his fair share’
Task Force Finds Potential Crimes in NJ’s Tax-Incentive Programs
John Reitmeyer | April 15, 2019 | Budget
Panel set up to examine the state’s controversial economic-development tax breaks announces evidence of ‘potential criminal violations’ but gives no details
Is the Federal SALT Cap Putting NJ Residents on the Road to Other States?
John Reitmeyer | April 12, 2019 | Budget
Some anecdotal evidence suggests more New Jerseyans are moving out of state, but independent fiscal analysts say there’s no sign of an outmigration exodus
NJ’s New Bail Program in Financial Bind: Judiciary Wants State Funding
John Reitmeyer | April 10, 2019 | Budget
Budget committee hears that without a long-term fix for pretrial system’s financing, ‘judiciary will be forced to take cost-cutting measures’
Explainer: A Look Under the Hood of NJ’s Income Tax and Its Special Quirks
John Reitmeyer | April 9, 2019 | Explainer
Rules that hew to the state constitution limit the uses of the state’s biggest source of revenue to items that lower property taxes
New Scrutiny of Longtime Income Cap on NJ Seniors’ Property-Tax Relief
John Reitmeyer | April 8, 2019 | Budget
Governor’s budget plan keeps lid on income eligibility for the ‘senior freeze’ program. But, amid concerns over outmigration, lawmakers may seek adjustment
NJ’s Unemployment Trust Fund Bounces Back, with Big Savings for Business
John Reitmeyer | April 5, 2019 | Budget
The fund has been replenished since a 2010 constitutional amendment prohibited it from being raided for other purposes. Other revenue streams are not as protected
Lawmakers at Budget Hearing Quiz AG on Hot Legal Issues
John Reitmeyer | April 4, 2019 | Budget
Legislators zero in on bail reform, marijuana legalization, court actions against Trump administration and more
Resistance to Murphy’s Tax on Millionaires Out in Open at Budget Hearing
John Reitmeyer | April 3, 2019 | Budget
In second day of hearings concerning governor’s proposed budget for fiscal year 2020, lawmakers underline their aversion to tax hikes, including on high earners
Treasury Urges Lawmakers to Pump Up State’s Meager Fiscal Reserves
John Reitmeyer | April 2, 2019 | Budget
State’s top financial analysts caution legislators to protect $1 billion budget surplus projected for fiscal year 2020 rather than raid the funds
Small Tax Break in Cards for New Jersey’s Metal Manufacturers
John Reitmeyer | April 1, 2019 | Budget
Sponsors say it would allow New Jersey foundries to better compete with those elsewhere in U.S. and would have minimal impact on state budget
Whistleblower Says Her Former Company Lied in EDA Tax-Incentive Application
John Reitmeyer | March 29, 2019 | Budget
Testimony before task force adds to concerns that state’s economic-development programs were loosely administered and prone to abuse
NJ Pension System Unlikely to Meet FY2019 7.5% Assumed Rate of Return
John Reitmeyer | March 28, 2019 | Budget
Investments generated just under 2 percent for first eight months of current fiscal year, according to new figures released by New Jersey State Investment Council
Small Rise in Budget Funding for Big NJ Transit Fiscal Problems
John Reitmeyer | March 27, 2019 | Transportation
Governor continues to allow agency to raid capital funds to help pay for daily operations, a practice he repeatedly criticized former Gov. Chris Christie for authorizing
Kean Spearheads, Senate OKs NJ Tax Write-Off for Charitable Giving
John Reitmeyer | March 26, 2019 | Budget
Move was given impetus by federal tax changes. Supporters say it would help food banks, shelters, other nonprofits but Assembly has yet to act
Lawmaker Wants to Halt Automatic Minimum Wage Increases if Economy Dips
John Reitmeyer | March 25, 2019 | Budget
Assemblyman Roy Freiman wants ‘off-ramp’ that would temporarily suspend wage hikes if unemployment rose or state revenues declined
Moody’s: State Revenue Shortfall Could Roil Murphy’s Budget
John Reitmeyer | March 22, 2019 | Budget
Rating agency says income-tax receipts need to rise by 17 percent to match projections; is ‘uncertain’ state will get there
Speakers at Budget Hearing Get Messages Across — Despite 3-Minute Clock
John Reitmeyer | March 21, 2019 | Budget
Students, parents, teachers explain how funding cuts will hurt districts, while those getting more cash celebrate new lease on educational life. Millionaire’s tax, other topics explored as well
Pascrell Tries to End Big Tax Break for Wealthy Investment Managers
John Reitmeyer | March 20, 2019 | Budget
Proposed legislation would change how federal government treats ‘carried interest.’ Congressman says no place for a ‘parallel tax code’ for the rich
Trenton Seeks $10M a Year to Offset Revenue Lost on Tax-Exempt State Buildings
John Reitmeyer | March 19, 2019 | Budget
Measure to reinstate ‘Trenton Capital City Aid’ clears Senate committee, looks to have the backing of Murphy administration
The Provocative Millionaire’s Tax: Its Potential (and Past) in NJ
John Reitmeyer | March 18, 2019 | Budget
Gov. Phil Murphy’s determination to try again for a true millionaire’s tax could make budget negotiations with fellow Democrats difficult. How many of them know the origin of his plan?
State Budget for 2020: Now It’s the Public’s Turn to Weigh In
John Reitmeyer | March 15, 2019 | Budget
Four legislative hearings on Gov. Phil Murphy’s $38.6B spending plan for the coming fiscal year will be held over the next two weeks
NJ Joins Suit Opposing Trump Administration Take on Online Gaming
John Reitmeyer | March 14, 2019 | Politics
With hundreds of millions in potential tax revenue at stake, Garden State isn’t gambling on feds’ restrictive reading of Wire Act, which could even shut down interstate lotteries
Race Is on to Win Federal ‘Opportunity Zone’ Tax Incentives
John Reitmeyer | March 11, 2019 | Budget
Officials in communities across the state are studying how to jumpstart redevelopment with federal program’s tax breaks
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