NJPP Blog: As a Matter of Fact …

Serious Investment in Transportation is an Important Building Block for a Strong New Jersey Economy

April 24th, 2014 by Jon Whiten | No Comments

In order for its economy to remain competitive, New Jersey needs a state-of-the-art transportation network and must be willing to make serious investment to maintain, improve and expand this important asset.


Ponying Up $3.2 Million in Heating Assistance to Preserve $172 Million in Nutritional Benefits is a No-Brainer

April 21st, 2014 by Raymond J Castro | No Comments

Congress has approved legislation that would allow about 160,000 struggling working New Jersey households the opportunity to continue to receive about $172 million in SNAP (food stamps) benefits annually if the state will put up a mere $3.2 million to help with heating bills. That is a guaranteed payoff of 54:1, which would make any Wall Street broker green with envy.


The Threadbare Cushion: New Jersey Budget Reserves are Among the Lowest in the Nation

April 18th, 2014 by David Rousseau | No Comments

The recent years’ squabbles over rosy revenue projections in the New Jersey budget process would be of far less importance if the state was budgeting a larger surplus to provide a cushion to its highly volatile tax system.


Video: NJPP’s Gordon MacInnes Discusses New Jersey’s Budget & Economy on ‘NJ Now’

April 18th, 2014 by Jon Whiten | No Comments

NJPP president Gordon MacInnes appeared on the March 9 edition of NJ Now to discuss the state of New Jersey’s economy and the spending plan recently proposed by the governor.


Many Profitable Corporations Pay Little State Income Tax – Here’s How New Jersey Can Help Fix That

April 17th, 2014 by Jon Whiten | No Comments

Many Profitable Corporations Pay Little State Income Tax - Here's How New Jersey Can Help Fix That

New Jersey’s policymakers should adopt two simple reforms that would make the corporate tax more sensible, transparent, and productive: first, establish a floor on corporate taxes paid below which a company would be ineligible for state tax incentives; and adopt “combined reporting” to prevent businesses from shifting profits out-of-state in efforts to reduce taxable profits.


Even After Plugging $800 Million Budget Gap, New Jersey May Need to Do Even More to Balance This Year’s Spending Plan

April 17th, 2014 by David Rousseau | No Comments

Just two months after the administration plugged a current-year budget gap of nearly $800 million, New Jersey may now be facing an additional budget shortfall of up to $300 million.


Op-Ed: Low Taxes Don’t Build Strong Economies

April 16th, 2014 by Gordon MacInnes | 1 Comment

In the lead-up to Tuesday’s tax filing deadline, there was the usual whirlwind of commentary and assertions, some of it factual, but much of it fictional. In New Jersey, most of the discourse invariably ends up focusing on the myth that the single biggest problem facing our state’s economy is high tax rates.


As Tax Day Approaches, Thousands of Working Families Await Action on Their 2011 and 2012 Filings

April 10th, 2014 by David Rousseau | No Comments

As Tax Day Approaches, Thousands of Working Families Await Action on Their 2011 and 2012 Filings

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.


OLS Pegs Revenue Shortfall at $526 Million as Final Stage of Budget Forecasting Process Begins

April 3rd, 2014 by David Rousseau | No Comments

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.


Personal Income in New Jersey Showing Slow Growth

April 3rd, 2014 by Mike Soszynski | No Comments

Personal Income in New Jersey Showing Slow Growth

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.






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