Archive for Tag: surplus

Budget signing signifies a worse-off New Jersey, says Assembly GOP Leader

TRENTON, N.J. – Assembly Republican Leader John DiMaio has been critical of the budget, and again pointed out that the state budget is full of tax relief gimmicks and unsustainable spending as Gov. Phil Murphy signed the $50.6 billion fiscal year 2023 budget. “Governor Murphy likes to say this...

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GOP leaders push for tax cut package in budget

TRENTON, N.J. – In response to surging state revenues and record-high inflation, Assembly Republican Leader John DiMaio and Assembly Budget Officer Hal Wirths on Tuesday announced a four-point plan that would provide residents immediate relief in this year’s state budget and achieve sustainable tax reforms. “Taxpayers can’t wait for...

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Budget surplus should be returned to taxpayers, Wirths chides Murphy administration for dodging questions

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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