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Murphy Doubles Down On Criticism Of ‘Rigged’ Tax Incentives
John Reitmeyer | June 19, 2019 | Budget
Governor promises to veto legislation providing seven-month extention of scrutinized EDA programs, without ‘meaningful reform’
Lawmakers Go Own Way on Budget, No Millionaires Tax or Other Murphy Priorities
John Reitmeyer | June 18, 2019 | Budget
Democratic lawmakers advanced their own appropriations bill, setting stage for a difficult budget negotiation with Gov. Phil Murphy, a fellow Democrat
Lawmakers Want Facts on One-Seat Ride to NYC for Raritan Valley Line
John Reitmeyer | June 17, 2019 | Transportation
With even limited direct service to Manhattan now suspended, the push is on to get answers from NJ Transit on when it’s going to upgrade ‘the forgotten line’
Lawmakers Vote to Extend Tax Incentive Programs; Murphy Signals He’ll Veto
John Reitmeyer | June 14, 2019 | Budget
Assembly approves legislation to keep controversial tax breaks in place through January, despite governor’s call for significant reform
New IRS Rules Undercut NJ’s Effort to Get Around SALT Cap
John Reitmeyer | June 13, 2019 | Budget
New regulations will prolong uncertainty for New Jersey homeowners and local governments; state Attorney General threatens lawsuit
Is it ‘Goodbye’ to Gov’s Property-Tax Credit and Millionaires Tax?
John Reitmeyer | June 11, 2019 | Budget
No lawmaker has stepped up to sponsor legislation for governor’s $250M property-tax relief proposal; they appear equally resistant to his bid for a millionaires tax
NJ, NY Try to Get Hudson Rail Tunnel Going by Boosting Key Agency’s Role
John Reitmeyer | June 10, 2019 | Transportation
Lawmakers in both states hope new legislation would enable Gateway Development Corporation to receive government grants, loans to finance rail tunnel
As Atlantic City Casinos Rise Again, Trying to Ensure Community Also Benefits
John Reitmeyer | June 7, 2019 | More Issues
Senate hearing learns of a resurgent casino industry. Now the focus is on ensuring the locality — hard-hit by the Great Recession — also reaps rewards
As June 30 Deadline Looms, Murphy Releases Plan to Reform EDA Tax Incentives
John Reitmeyer | June 6, 2019 | Budget
Facing time crunch, top Democratic lawmakers would rather extend current incentive programs offered by beleaguered agency
Pew Study: Echoes of Great Recession Still Heard In Trenton, Other States
John Reitmeyer | June 5, 2019 | Budget
Analysis of government spending shows that, in many categories, New Jersey and other states have yet to attain pre-downturn levels
Murphy Unveils Direct Property-Tax Relief Proposal, But Is It DOA?
John Reitmeyer | June 4, 2019 | Politics
Governor’s quid pro quo — tax relief in return for millionaires tax — fails to generate much enthusiasm among top Democratic lawmakers
New Jersey Shaves Bonded Debt but Remains Among Most Indebted States
John Reitmeyer | June 3, 2019 | Budget
For only second time in past decade, the state has reduced its total bonded debt — but the improvement is likely to be short-lived
Measure Would Strip Public Officials of Pensions if Guilty of Sexual Offenses
John Reitmeyer | May 31, 2019 | Politics
A tough bipartisan bill awaits the governor’s signature; it would take pensions from public workers or elected officials convicted of sexual offenses
State Again Pares Role of Hedge Funds in Pension Holdings
John Reitmeyer | May 30, 2019 | Budget
Investment returns for the state’s beleaguered retirement systems have totaled 4.68 percent during the fiscal year that ends June 30, well shy of assumptions
Changing Rules to Cover NJ First Responders Who Volunteered on 9/11
John Reitmeyer | May 29, 2019 | Budget
Many weren’t acting in the line of duty, but volunteer first responders at the World Trade Center site are now seriously ill and ‘accidental disability’ would ensure their health coverage
The Five Sticky Budget Issues Governor and Lawmakers Must Resolve
John Reitmeyer | May 28, 2019 | Budget
The final countdown to the state’s budget traditionally begins after Memorial Day. Here we are — and here are the five biggest issues Gov. Phil Murphy and legislators must sort out by June 30
Gov Touts Plan To Make Community College Tuition Free For More Students
John Reitmeyer | May 24, 2019 | Budget
In Burlington County, Murphy makes case for doubling of funding, making grants available at all 19 of NJ’s community colleges
Tax Fix Would Make Summer Sweeter for Renters at the Shore
John Reitmeyer | May 23, 2019 | More Issues
Lawmakers want to ease the tax bite on most short-term rentals, but agreements made through Airbnb and similar marketplaces would still face 12 percent levy
In Trenton, Tax Credits For The Working Poor Are Rare Point Of Political Amity
John Reitmeyer | May 22, 2019 | Budget
Average Earned Income Tax Credit — popular on both sides of the aisle — would rise above $1,000 for the first time under governor’s budget
New Jersey Gets Lowest Rating Among States for Recession Preparedness
John Reitmeyer | May 21, 2019 | Budget
Mixed reaction in Trenton to credit-rating firm’s ranking of Garden State as ill-prepared for an economic downturn; Moody’s cites poor budget reserves and pension risks
Politicians Could Punt To Voters On How To Put NJ’s Fiscal House In Order
John Reitmeyer | May 17, 2019 | Budget
Locked in bitter dispute with governor over budget, senate president proposes a referendum on cuts in public-worker benefits
New Lottery Agreement Could Earn State $100M Over Coming Decade
John Reitmeyer | May 16, 2019 | Budget
Public-employee pensions are real winners. They should see extra $10 million annually over next 10 years
As State Coffers Swell, Lawmakers Resist Millionaire’s Tax
John Reitmeyer | May 15, 2019 | Budget
Business tax levies are now running more than $750 million over projections, and income-tax trends are approaching original forecasts
Singing in the Rain: NJ’s 1st Deposit to Rainy-Day Fund in Decade, Says Treasurer
John Reitmeyer | May 14, 2019 | Budget
This year’s surging ‘April surprise’ in tax collections translates into $250 million tagged for Surplus Revenue Fund after years of running on empty
Legislative Hearings into Tax Incentives Will Be Unlike ‘Slanted’ Task Force
John Reitmeyer | May 13, 2019 | Budget
Lawmakers to conduct their own probes of controversial programs but signal their efforts will be more sympathetic than recent investigations
Weinberg Baffled as Officials Seem Resistant to More NJ Transit Funding
John Reitmeyer | May 10, 2019 | Transportation
Lawmaker can’t recall ever before being ‘on the opposite side of the bureaucracy trying to convince them that they need more money’
Murphy Drops $33M Budget Diversion After Getting Flamed by Firefighters
John Reitmeyer | May 9, 2019 | Budget
Governor finds plan to siphon cash from dedicated fund that assists needy first responders and their families too hot to handle
Murphy Offers Lawmakers Both Carrot and Stick to Approve Millionaire’s Tax
John Reitmeyer | May 8, 2019 | Budget
During town hall, governor also reveals that the state’s revenue outlook improved during the recent April tax-collection season
High-Profile Lawyers Claim Tax-Incentive Investigation Is ‘Political Retribution’
John Reitmeyer | May 7, 2019 | Budget, Politics
Attorneys representing companies linked to South Jersey powerbroker George Norcross challenge legitimacy of Murphy task force; chair of task force rejects their claims
Task Force Examines Tax Incentives for Camden — and Norcross
John Reitmeyer | May 3, 2019 | Budget, Politics
Scrutiny of big tax breaks for projects in Camden, especially for businesses with ties to Democratic powerbroker George Norcross, in a sometimes trial-like atmosphere
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