July 29th, 2013 by Jon Whiten | No Comments
NJPP budget and tax analyst David Rousseau was featured on NJTV’s NJ Today news program Friday night during a segment on the latest revenue reports released by the administration and the Office of Legislative Services (OLS), and what those numbers mean for the state budget.
July 26th, 2013 by David Rousseau | No Comments
Both the State Treasurer and the Office of Legislative Services have released their monthly reports on New Jersey’s June tax collections. Their interpretations of the same numbers may leave readers scratching their heads.
July 17th, 2013 by David Rousseau | No Comments
The final budget for the fiscal year that ended June 30 included $164 million in revenues that the administration is seeking to divert from a housing trust fund held by municipalities to assist working families, seniors and people with special needs. While the state and advocates continue the battle over this diversion’s legality, the timing of any potential funds remaining – and the amount of such funds – remains unknown.
May 23rd, 2013 by David Rousseau | 1 Comment
Even with the administration making its second reduction in the current-year revenue projections, its estimates may still be too high.
May 22nd, 2013 by David Rousseau | No Comments
The lack of interest in the details on the tax cut raises the question: Is the decision whether or not to cut taxes more political than fiscal?
May 21st, 2013 by David Rousseau | No Comments
The Christie administration has reduced its current-year revenue projections for the second time in three months, despite gubernatorial assurances for most of the past year that the targets would be met, or even exceeded.
April 5th, 2013 by David Rousseau | No Comments
Given a complex $33 billion budget, economic and other uncertainties (e.g.,Superstorm Sandy), it is unsurprising that the Office of Legislative Services (OLS) and successive administrations should end up estimating slightly different revenues. The difference has not been more than one percent in any of the last eight years, hardly enough to set off the war of words between the two institutions (or one would think).
April 4th, 2013 by David Rousseau | No Comments
The Office of Legislative Services (OLS) told legislators today that it projects $637 million less revenue than the proposed 2014 budget calls for. While OLS’s more cautious projections are not surprising, the difference provides a framework in which the budget discussions will unfold over the next few months.
March 25th, 2013 by David Rousseau | No Comments
Between now and the constitutional budget deadline of June 30, there are a number of events that will shape the final Fiscal Year 2014 budget; here are some key ones to watch.
March 8th, 2013 by David Rousseau | No Comments
Budget collections continued a recent uptick in February – but in order to hit the latest, lower budgeted projections, growth will have to be even more robust in the remaining four months of the fiscal year.