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Stay NJ sends second round of senior tax relief
The state has begun issuing next checks for the New Jersey Stay NJ program, which average about $645 for eligible residents.
Sherrill to address New Jersey’s $3B budget deficit
Gov. Mikie Sherrill will outline a plan to address New Jersey’s $3B structural deficit during her March 10 budget address in Trenton.
Sherrill warns of $3B structural deficit ahead of NJ budget
Gov. Mikie Sherrill warns of a looming $3 billion structural deficit despite a $7.2 billion surplus, urging cost savings over tax hikes.
NJ business tax plunge sparks alarm from NJ Chamber
President and CEO Tom Bracken warns the dramatic dip signals economic risks, as CBT and BAIT collections fell sharply last month, despite overall revenue growth.
NJ streamlines senior property tax relief program applications
The Treasury will roll out a new, combined form encompassing three state initiatives: Senior Freeze, ANCHOR and the upcoming StayNJ.
NJ rolls out new tax tool for 2025 filing season
A pilot program for the service successfully launched last year in 12 states. New Jersey did not participate because of a tech upgrade the state’s systems were undergoing at the time.
State gas tax rate set to increase in 2025
The Treasury Department announced this week that New Jersey motorists can expect an uptick of 2.6 cents per gallon, effective Jan. 1, 2025.
NJ returns record $261.4M in unclaimed assets
“In the past several years, UPA has stepped up efforts to reunite residents with unclaimed assets, and the results have been astounding," said State Treasurer Elizabeth Maher Muoio.
New Jersey joins IRS Direct File tax return program
During the initiative's pilot period, more than 140,000 taxpayers claimed over $90 million in refunds, while also saving an estimated $5.6 billion in filing costs.
2nd NJ Emerging Managers Symposium draws 800+
Launched in 2021, the platform aims to enhance New Jersey’s exposure to a broad range of fund managers while expanding access for investment professionals.
NJ seeks manager of $20M social impact investment fund
Gov. Phil Murphy said the move is a “ significant step towards the creation of a socially motivated, public financial tool that will help invest in communities throughout New Jersey that have historically been underserved and underinvested."
NJ Treasury highlights reductions in 2023 Debt Report
The governor pointed to more than $1.3 billion in savings for taxpayers "while continuing to meet our sacred obligations – fully funding our pension system, investing in our schools, and making New Jersey more affordable for our working families."
