Reports

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.


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.


Administration Acknowledges $796 Million Shortfall for This Year’s Budget

March 7th, 2014 by David Rousseau | 1 Comment

Administration Acknowledges $796 Million Shortfall for This Year’s Budget

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.


The Governor’s Budget Falls Short on Medicaid

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.


President Obama’s Tax Credit Proposals Would Help Over 750,000 New Jerseyans

March 5th, 2014 by Jon Whiten | No Comments

President Obama’s Tax Credit Proposals Would Help Over 750,000 New Jerseyans

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.


New Jersey Enrollment Goals for NJ FamilyCare and Health Insurance Marketplace Plans

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.


The Governor’s ‘Responsible’ Budget Surplus is the Smallest Ever

February 27th, 2014 by David Rousseau | No Comments

The Governor’s ‘Responsible’ Budget Surplus is the Smallest Ever

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.


Op-Ed: The Teachable Moment the Governor Failed to Seize in His Budget Address

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.






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