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.
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.
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.
April 10th, 2014 by David Rousseau | No Comments
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.
March 7th, 2014 by David Rousseau | 1 Comment
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.
March 5th, 2014 by Raymond J Castro | No Comments
What does ‘success’ look like for the Affordable Care Act (ACA) in New Jersey? Today, New Jersey Policy Perspective, in cooperation with the Rutgers Center on State Health Policy quantified the answer to this question by announcing detailed goals for ACA enrollment, which are being supported by a grassroots campaign organized by the NJ for Health Care Coalition.
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.