TRENTON, N.J. – The Murphy administration is projecting a $7.9 billion surplus this year outside of rainy day fund deposits. That would be whittled down to $4.7 billion after it is used to cover the $3 billion deficit from spending more than revenue next year. The deficit may be...
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TRENTON, N.J. – It is unclear why legislative hearings with Treasurer Elizabeth Muoio were cancelled in the Assembly. Republican members of the budget committee sent a letter to Gov. Phil Murphy and Muoio, giving them 24 hours to answer a dozen questions that would have been asked had the...
TRENTON, N.J. – Treasurer Elizabeth Muoio revealed today that the state received $6.3 billion in American Recovery Act funds yesterday to relieve New Jersey’s finances. The administration did not give any indication to the legislature over the past few months of budget hearings when they expected to receive the...
TRENTON, N.J. – Sen. Samuel Thompson and Assemblymen Ron Dancer and Rob Clifton slammed Gov. Phil Murphy’s administration for proposing cuts to schools across the state, including those represented by the lawmakers in Burlington, Middlesex, Monmouth and Ocean counties. The lawmakers received an email from Department of Education Acting...
TRENTON, N.J. – Assemblywoman Aura Dunn criticized Gov. Phil Murphy’s budget for shortchanging schools despite increasing spending by $4.5 billion this year and funding six new pet projects to the cost of more than $95 million. “The governor’s budget funds more free college and preschool when our kids aren’t...
Trenton, N.J. – Assemblywoman Serena DiMaso is objecting to Gov. Phil Murphy’s plan to raise state spending by $4.5 billion dollars next fiscal year. “The governor should focus on cutting taxes instead of his out of touch, out of control spending,” said DiMaso (R-Monmouth). “Families are struggling to survive...
TRENTON, N.J. – Assemblyman Jay Webber took Gov. Phil Murphy to task for failing to prioritize property tax relief. “Budgets are about priorities, and any state budget not making property tax relief a top priority is just out of touch with the burdens and needs of New Jersey’s residents,”...
TRENTON, N.J. – The state Attorney General’s office announced today that they filed a brief with the U.S. Supreme Court challenging New York’s tax guidance for employers to tax employees working at home in New Jersey as if they were “days worked in New York.” New Jersey provides a...
TRENTON, N.J. – The four Republican members of the Assembly Budget Committee took the Murphy administration to task for misrepresenting its actions and projections during a hearing Thursday with the Treasury Department. Assemblyman Hal Wirths, the Republican budget officer, illustrated how the administration is using borrowed funds to create...
TRENTON, N.J. – As the state Legislature begins its review of Gov. Phil Murphy’s budget Tuesday, Assembly Republican Leader Jon Bramnick is urging that public comment be allowed during hearings. “I believe that we should allow the public to speak about the proposed budget,” said Bramnick (R-Union). “Instead the...