Special Report: The Battle of the Budget
July 19, 2019 |
INTRODUCTION The battle over the budget in New Jersey this year promises to be one of the most contentious in modern state history, surpassed only ...
School Aid
July 19, 2019 |
State aid to education includes both direct aid to school districts and state-funded benefit such as teacher pensions and employer Social Security payments, almost doubled ...
Sales Tax
July 19, 2019 |
The New Jersey state sales tax was raised by Democratic Gov. Florio to 7 percent in FY1991, cut back by the Republican legislature elected in ...
State Spending and the Budget
July 19, 2019 |
When governors and legislators talk about the state budget, they are referring to the $28 billion to $33 billion raised each year through state taxes. ...
State Revenue
July 19, 2019 |
From the end of the Republican Whitman administration through the second year of the Democratic Corzine administration, state tax revenue grew every year from less ...
Income Tax
July 19, 2019 |
State income tax revenues jumped from $7.2 billion in FY2000 to $12.6 billion in FY2008 before diving to less than $10.5 billion in FY2009, despite ...
Corporate Taxes
July 19, 2019 |
Democratic Gov. McGreevey more than doubled corporate income tax revenues in his first budget in FY2003 by imposing a minimum tax on corporations even if ...
Casino and Lottery Revenues
July 19, 2019 |
New Jersey’s main sources of gambling revenues have posted opposite performance records. New Jersey lottery revenues have grown steadily from $736 million in FY2000 to ...
Inheritance Tax
July 19, 2019 |
New Jersey’s inheritance tax has been a relatively consistent revenue source, growing from $485 million in FY2000 to a high of $698 million in FY2008. ...
Federal Aid
July 19, 2019 |
Federal aid rose steadily from $5.6 billion in FY2000 to $8.5 billion in FY2008, with the biggest increase coming in Medicaid, the ever-growing 50-50 state-federal ...