The current Fiscal Year 2020 budget is expected to close June 30 with revenues clocking in at nearly $41.6 billion, compared to $39.9 billion which the state spent. That means a total leftover of $1.7 billion.
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Government
Third time’s a charm: Murphy’s 2021 budget proposes millionaire’s tax (updated)
There are 20,691 state residents and 21,290 non-state residents who would be taxed under this new proposal.
Read More »Lacking legalization, Murphy short on money from marijuana (updated)
The governor's past two budgets included $60 million of tax revenue.
Read More »Murphy admin proposes ramping up tax credit for NJ’s lowest-earning residents
According to administration officials, Gov. Phil Murphy's 2021 spending plan – which he is set to deliver at 2:00 p.m. in Trenton – will call for expanding the age eligibility of the state's Earned Income Tax Credit, in a move that would add more than 60,000 participants.
Read More »NJBIA: NJ has region’s worst business climate
The association's analysis of audited state revenues, expenses and debt found that in the Garden State the former increased just 23 percent from 2007 to 2017, while the latter increased 45 percent and increased 382 percent, respectively.
Read More »Poll: Murphy has not made NJ a whole lot better
“Although the governor is keen on pointing out the number of bills he has signed into law; the fact remains that many of his constituents cannot identify his accomplishments,” said FDU political science professor and poll director Krista Jenkins.
Read More »NJ Transit $500M funding plan calls on tax-raises for businesses
Fares currently make up between 40 and 50 percent of the agency's budget, and Gov. Phil Murphy has pledged not to increase them.
Read More »Building relationships
Some of the state’s top economic development officials will be riding the Chamber Train.
Read More »Camden striving: Part 1, recounting the city’s redevelopment history (updated)
Over the last seven years, state and local officials spent a good deal of time and taxpayer dollars on efforts to turn around the City of Camden using the tools provided in the Economic Opportunity Act of 2013.
Read More »Better environment
The state’s top lawmaker on #MeToo issues endorses the New Jersey Chamber of Commerce's annual Walk to Washington.
Read More »Camden striving: Kicking off an in-depth look at the city’s past, present & future
“This city is on to something.” President Barack Obama said that of Camden nearly five years ago. Speaking in the city, at the time often considered the poorest in the state and one with the highest rates of crime nationwide, Obama called Camden “a symbol of promise for the nation.”
Read More »Gov. Murphy reveals he has a tumor on his kidney
Gov. Phil Murphy announced on Saturday that he has a tumor on his left kidney and will undergo a partial nephrectomy. “The prognosis is very good and I’m profoundly grateful to my doctors for detecting the tumor early,” Murphy wrote on Twitter. First Lady Tammy Murphy tweeted: “I know Phil and he’s a fighter. We’re ...
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