March 7th, 2014 by David Rousseau | No Comments
When the governor delivered his proposed budget for the fiscal year that begins on July 1 (FY 2015), he also released updated information on this year’s budget, most importantly acknowledging that the state is facing a nearly $800 million shortfall.
March 6th, 2014 by Raymond J Castro | No Comments
There’s certainly some good news in the governor’s budget when it comes to Medicaid, but it unfortunately does not address a major problem that could be avoided.
March 5th, 2014 by Jon Whiten | No Comments
President Obama’s budget includes several important improvements to the pro-work Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) that would impact more than 750,000 low-wage New Jersey workers. The tax-credit changes would reduce poverty among low-wage workers and their families, reduce income inequality, strengthen work incentives and give a boost to New Jersey’s economy.
February 27th, 2014 by David Rousseau | No Comments
The proposed budget’s surplus of $313 million is one of the smallest ever in terms of real dollars, and at an all-time low for the second year in a row if the surplus is measured as a share of the overall budget.
February 27th, 2014 by Gordon MacInnes | No Comments
In the governor’s budget message this week, he rightly backed away from two reckless proposals that would have done even further damage to New Jersey’s economy, but he missed a clear opportunity to connect the major themes in his speech to a larger teachable moment about the state’s fiscal health.
February 24th, 2014 by David Rousseau | No Comments
On Tuesday, the governor will unveil his proposed budget for the fiscal year that starts July 1 (FY 2015). The spending plan, which at close to $34 billion will likely be New Jersey’s largest proposed budget ever, will look very much like last year’s budget proposal, with minor changes.
February 21st, 2014 by David Rousseau | No Comments
In reporting the December revenues, the administration left the impression that the below-projection revenues would bounce back in January. Not so, reports the Office of Legislative Services (OLS).
February 5th, 2014 by Raymond J Castro | 3 Comments
The clock is ticking: New Jersey will forfeit $7.6 million in federal funds if the Christie administration misses a February 20 deadline to submit a plan to help thousands of New Jerseyans who lack health insurance get the quality, affordable care that is available to them.
January 23rd, 2014 by Erika J. Nava | No Comments
Federal immigration reform being considered by Congress would greatly help New Jersey’s immigrant families while creating thousands of new jobs and boosting the state’s economy. New Jersey has a large and growing population of immigrant workers, professionals, entrepreneurs and businesses. By reforming the visa process and making sure that all immigrants have a chance to participate fully in the state’s economy, immigration reform would pay dividends for years to come.
January 9th, 2014 by Gordon MacInnes | 1 Comment
An across-the-board state income tax cut would be detrimental to New Jersey’s future because it would do nothing to create jobs and grow the economy while disproportionately helping those who need it least and eroding public capacity to invest in the true building blocks of job growth and a strong economy.