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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
Sweeney on Murphy Budget: He’d Like More Savings, No Millionaire’s Tax
John Reitmeyer | March 8, 2019 | Budget
Senate president also presses governor to quadruple planned subsidy for New Jersey Transit, to $100 million
Revenue Forecast Cut for FY2019 Income Tax, Shortfall Worries Eased
John Reitmeyer | March 7, 2019 | Budget
Administration does more than cut, bumps up corporate business-tax projections by nearly $700 million
Murphy’s Budget Is $1B Bigger than Last Year’s, Promises $1B in Savings
John Reitmeyer | March 6, 2019 | Budget
Governor’s proposal receives a far less hostile response from fellow Democrats than his budget last year, although they still seem at odds over possible tax hikes
Pension Forfeiture in Cards for Public Officials Who Commit Sex Offenses
John Reitmeyer | March 5, 2019 | Politics
Proposed legislation that was inspired by #MeToo movement predates Brennan case but is overshadowed by it
Five Things to Watch for in Governor’s Budget Address Tomorrow
John Reitmeyer | March 4, 2019 | Budget
How will Gov. Phil Murphy navigate the big-ticket items that have caused conflict with many of his fellow Democrats in the Legislature?
Still No Word from NJT on Full Service Restoration for Raritan Valley Line
John Reitmeyer | March 1, 2019 | Transportation
Agency announces late May end to service interruptions for Atlantic City Line and Princeton Dinky, prompting local official to call RVL riders ‘forgotten commuters’
State Moves to Make Sure Private-Sector Employees Save for Retirement
John Reitmeyer | February 28, 2019 | Budget
New Jersey residents are living longer but not putting aside enough money to pay for food, utilities, healthcare, and other necessities
Report: Not Funding Gateway Now Could Spell Big Problems for Region
John Reitmeyer | February 27, 2019 | Transportation
Emergency repairs to the existing trans-Hudson rail tunnel would mean more traffic, longer commutes and reduced home values, transportation group warns
Dem’s Parking-Tax Proposal Almost Stalls in Assembly, Despite Party’s Majority
John Reitmeyer | February 26, 2019 | Budget
GOP argues that state residents are tired of new taxes. Apparently, some Democrats are listening
Lawmaker Wants Instant Receipts for E-ZPass Users
John Reitmeyer | February 25, 2019 | Transportation
The New Jersey Turnpike, Garden State Parkway and Atlantic City Expressway should issue an electronic receipt after every transaction at the tolls, Assemblyman says
NJ Dems to Trump: Show Your Tax Returns or You Won’t Get on 2020 Ballot
John Reitmeyer | February 22, 2019 | Politics
Lawmakers have another try at legislation requiring presidential candidates to release their tax returns to get on the ballot in New Jersey. Republican Senator warns of ‘hypocrisy’
Move to Cover Drones in Trespassing, Invasion of Property Laws
John Reitmeyer | February 21, 2019 | More Issues
Legislators push to keep laws in step with new technologies, stop unmanned aircraft from being used as spies in the sky, especially over schools and homes
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