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NJ, Other States File Suit to Quash Federal Curbing of SALT Deduction
John Reitmeyer | July 18, 2018 | Politics
GOP’s overhaul of tax policies last year dealt harsh blow to New Jersey, other states by placing $10,000 limit on key tax write-off. New lawsuit says cap violates the Constitution
Can ‘Opportunity Zones’ Help Revitalize NJ’s Distressed Towns and Cities?
John Reitmeyer | July 17, 2018 | Politics
New federal program bets investors will be willing to put their money in designated zones in return for significant tax breaks down the line
How to Repair NJ Transit — Start with the Top Brass
John Reitmeyer | July 16, 2018 | Transportation
Money isn’t enough. New report suggests governing board of beleaguered transportation agency needs significant reform
Murphy Administration Hopes to Save on Cost of Public-Worker Benefits
John Reitmeyer | July 13, 2018 | Budget
Renewed focus in Trenton on price tag of health insurance, as troubled pension system also expected to come in for more scrutiny
Senate Inaction Leaves Empty Seats on Critical State Investment Council
John Reitmeyer | July 12, 2018 | Budget
Panel deals with $78.6 billion public pension system, but governor’s eight nominees have yet to get a hearing
NJ Ranks Last Among States for Cost of Doing Business, but Other Signs Are Positive
John Reitmeyer | July 11, 2018 | Budget
Low mark for Garden State is cause for concern. On the bright side: high marks in education, diversity, access to capital
NJ Agencies Try to Calm Trump Hostility to Gateway Project
John Reitmeyer | July 10, 2018 | Transportation
Port Authority takes over more aspects of trans-Hudson tunnel, NJ Transit confirms extra money for Portal Bridge. But is President’s enmity toward New York Senator Chuck Schumer the real impediment?
Lawmakers Want to Borrow $1B for Education Items but Leave Voters with Final Say
John Reitmeyer | July 9, 2018 | Education, Politics
Bipartisan support to ask voters for massive bond. The money would go to school security, technical training, and cleaning up school water. Will governor sign on?
Sweeney, Coughlin Show Governor Their Power in Budget Fight
John Reitmeyer | July 2, 2018 | Budget
Yes, Murphy got funding for nearly all his spending priorities. But he had to give up one of his core pledges, a millionaires tax, among other concessions to his fellow Democrats
Last-Minute Budget Deal Allows NJ To Avoid Government Shutdown
John Reitmeyer | June 29, 2018 | Budget
Final agreement on millionaires' and corporate tax boosts spending on education, property tax relief
As Shutdown Clock Ticks, Murphy and Dem Leaders Duel Over Budget Plans
John Reitmeyer | June 28, 2018 | Budget
Legislative leaders want taxes on short-term summer rentals, boost in realty-transfer tax, but Murphy’s millionaires tax and increase in state sales tax still nowhere to be seen
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
New Road Map for New Jersey to Reclaim Status as Biotech Leader
John Reitmeyer | June 14, 2018 | More Issues
Task force identifies why NJ no longer leads in cutting-edge industry; cites recession, corporate mergers, patent expirations — and decline in key state supports
Floating a $600 Million Bond Issue to Build New Portal Bridge
John Reitmeyer | June 13, 2018 | Transportation
Plan could go long way to convincing Trump administration to pony up its contribution to bridge project, a key element for speeding rail traffic along Northeast Corridor
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
Former State Sen. Allen Starts PAC to Help Women Get Started in Politics
John Reitmeyer | June 11, 2018 | Politics
New political action committee — runWOMENserve — to offer funding to female candidates regardless of their party
NJ Lawmakers Go All In on Sports Betting, Law Awaits Governor’s Signature
John Reitmeyer | June 8, 2018 | Politics
After Supreme Court threw out federal law that prohibited legalized sports gambling in New Jersey, state lawmakers fast-tracked a bill to allow it. Not everybody’s happy
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
Film, TV, Digital Production Tax Credits Could Be Back in Picture for NJ
John Reitmeyer | June 4, 2018 | Politics
Sponsors of bill offering incentives to entertainment industry agree to changes called for in Murphy’s conditional veto
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
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