State’s decision to expand Medicaid under Obamacare appears to pay off as federal funds cover cost of new enrollees.
New Jersey’s veterans had an unemployment rate of 10.8 percent in 2013, the highest of all 50 states.
As April 15 inches closer and a half-million low-income working New Jerseyans await the economic boost of the Earned Income Tax Credit (EITC), nearly 200,000 filers from the previous two years continue to wait for almost $100 million in unpaid credits from this essential anti-poverty program.
For the 9th consecutive year, the Office of Legislative Services (OLS) is projecting less revenue than the administration in its initial presentation to the Senate and Assembly budget committees. This year OLS is projecting that revenues could be a total of $526 million below the administration’s revised projections for this fiscal year and initial projections for the next fiscal year, which begins July 1.
More evidence of New Jersey’s slow – even decelerating – economic recovery comes in the form of a new report from the Bureau of Economic Analysis at the United States Department of Commerce.