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Author Archives: Daniel J. Munoz

Murphy budget $292M off from Legislature’s analysts

The Murphy administration’s outlook for how much the state will have in its coffers by the end of the 2020 fiscal year is $182.6 million more than what the Legislature’s analysts project, and $109.2 million more than what is being eyed for the end of the current fiscal year — meaning the administration could more likely stave off spending cuts. 

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Port Authority to test electric cargo-moving vehicles

The Port Authority of New York and New Jersey will begin testing an all-electric truck used to transport cargo with hopes to phase out the entire gas-powered fleet, the bi-state agency announced Friday. The one-year pilot program is part of a broader effort by the Port Authority, which handles billions of dollars of cargo a year, to reduce its greenhouse ...

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Speaker Coughlin: no new taxes for upcoming budget

Assembly Speaker Craig Coughlin Trenton on Dec. 13, 2019.

One of the state’s top Democrats, Assembly Speaker Craig Coughlin, jumped onto opposition to new taxes in the 2020 state budget, a month after Gov. Phil Murphy said new or increased taxes were “on the table.” At his monthly Speak to the Speaker radio segment Friday morning, Coughlin, D-19th District, joined Senate President Stephen Sweeney, D-3rd District, who said last ...

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NJ tax incentives: Little oversight, missing data and overpaid incentives, audit suggests

The New Jersey Economic Development Authority had little oversight and accountability over the $11 billion of tax credits it awarded since 2005, making it difficult for the agency to determine if companies actually delivered on their promised jobs and economic activity, according to an audit the Office of the State Comptroller released Wednesday. Gov. Phil Murphy, a critic of the ...

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