Mary E Forsberg

 

Show Us the Money: Examining the Revenue Projections in Gov. Christie’s Proposed Budget

Gov. Christie paints a rosy picture next year for New Jersey, placing his third budget squarely in his campaign narrative of a “New Jersey Comeback” after the “shared sacrifice” of his first budget and the “new normal” of his second budget. In the coming year, he expects state revenues to grow by 7.3 percent, allowing him to collect and spend $31.9 billion — $2.2 billion more than this year.

Senate Committee Hears Details on Proposed Income Tax Cut

The Senate Budget and Appropriations Committee met Monday to analyze Gov. Christie’s proposal to cut personal income taxes 10 percent across-the-board, a cut that would cost New Jersey more than $1.3 billion in lost revenue by the time it is fully phased in.

Liar, Liar, Pants on Fire: The Truth-O-Meter Comes to New Jersey

Do you want to know if Gov. Christie is telling the truth about balancing his budget or raising tolls or the graduation rate of kids in Newark? Do you want to know the same thing about his critics? Since 2008, an award-winning column called the Truth-O-Meter has ranked public statements on a scale that ranges from True to Pants on Fire.

Déjà Vu All Over Again: Why Cutting the Income Tax is a Bad Idea for New Jersey

The cornerstone policy proposal of Gov. Christie’s State of the State speech yesterday was a 10 percent across-the-board reduction in income tax rates. But “fixing” the only tax in New Jersey that isn’t broken would be a bad idea, resulting in less money for schools and local government services and likely forcing many New Jerseyans to pay more in property taxes.

Revenue Numbers Show Modest Growth but Collections Are Still Off-Target

Revenue collections in New Jersey this fiscal year are currently up about 5 percent over last year, suggesting that New Jersey’s economy is improving slowly. However, revenues remain slightly lower than the state’s expectations, according to numbers released last week by the Department of Treasury.