NJPP Blog

July 6, 2009: Time to shore up beach restoration

New Jersey’s crown jewel of 127 coastline miles spans from Sandy Hook to Cape May and attracts visitors from all over the world. Especially now in a sagging economy, beaches remain one of the most cost-effective forms of natural recreation (usually costing less than the price of a movie ticket) and provide economic and environmental benefits as well.

June 29, 2009: Budget and RAD

New Jersey’s Fiscal Year 2010 budget has been approved by the legislature and NJPP is analyzing the hundreds of pages of revenues, expenditures and appropriations for a special summary coming soon. In the meantime, here are highlights of the work NJPP did on the Economic Stimulus Act passed by the legislature Thursday, the same day the budget was approved.

June 22, 2009: Tax amnesty revenue postpones budget vote

Just hours before the New Jersey Legislature was set to vote on the FY2010 budget, it was announced that the budget would be recommitted to the Senate and Assembly Budget Committees in order to take into account $400 million in unexpected tax amnesty revenue. Governor Corzine stated that money should be directed to property tax relief.

June 15, 2009: Budget serves up alcohol tax

With the budget deadline drawing closer, revenue proposals that in past years might not be considered are now on the table. For example, the FY10 budget includes a proposed a 25 percent tax increase on wine and liquor that would amount to about $1 bottle on spirits and 75 cents per bottle on wine. Industry experts say the tax increase is expected to bring the state approximately $22 million.

June 8, 2009: New Jersey Budget Websites

By the end of this month New Jersey must pass a budget for the next fiscal year which starts July 1 and ends June 30, 2010. In today’s economy, this is a great challenge.