new jersey budget crisis

>The numbers game: Christie vs. Office of Legislative Services or was it Corzine?

1 year ago

in Chris Christie, Jon Corzine, new jersey budget crisis, Trenton

The numbers game: Christie vs. Office of Legislative Services or was it Corzine? The governor could not control his anger: David Rosen, the budget officer for the non-partisan Office of Legislative Services, had just testified that he had a $383 million hole in his current budget and that his [...]

>N.J. governments may need 20% of service cuts, report says

1 year ago

in new jersey budget crisis

N.J. governments may need 20% of service cuts, report says New Jersey’s state and local governments may need to cut services by 20 percent to close growing budget deficits over the next five years, a panel that includes former top-level officials said in a report. The state will confront a gap [...]

>New Jersey stalls in efforts to offer online access to State Spending data

1 year ago

in new jersey budget crisis

New Jersey stalls in efforts to offer online access to State Spending data New Jersey ranks in the middle among the states in providing online access to government spending data, according to an annual report issued Wednesday by the Public Interest Research Group. New Jersey got a C-plus, one of [...]

>Death by a thousand cuts: The crisis in government services

1 year ago

in new jersey budget crisis, NJ pension reform

Death by a thousand cuts: The crisis in government services Despite major savings from last year’s pension and health benefits overhaul, New Jersey’s state, county, and municipal governments and school districts will be taking in $13 billion less than they need to maintain services at current [...]

>New Jersey’s February tax-revenue collections jump 20%, narrowing shortage

1 year ago

in high taxes, Jobs, new jersey budget crisis

New Jersey’s February tax-revenue collections jump 20%, narrowing shortage New Jersey’s revenue collections jumped 20 percent last month, narrowing the state’s shortfall from budget projections. February revenue was 9.5 percent above forecasts, Treasurer Andrew Sidamon-Eristoff said in a [...]

>Wall Street experts dissect Gov. Christie’s budget proposal

1 year ago

in new jersey budget crisis

Wall Street experts dissect Gov. Christie’s budget proposal Financial experts on Wall Street picked apart Gov. Chris Christie’s $32.1 billion budget Friday, casting doubt on the state’s robust revenue estimates and warning that New Jersey would have trouble weathering economic setbacks. The [...]

>New Jersey lawmakers start their budget review process this week.

2 years ago

in budget deficit, new jersey budget crisis, Spending Cuts

Hearings on N.J. budget planned New Jersey lawmakers start their budget review process this week. Budget committees in the Senate and the Assembly will hold public hearings on Gov. Chris Christie’s proposed $29.4 billion budget, which cuts spending by 2.6 percent over last year and calls for [...]

>Governor Chris Christie : Hits the reset button on the state budgeting process

2 years ago

in new jersey budget crisis, New Jersey Fiscal Crisis. Chris Christie

Governor Chris Christie : Hits the reset button on the state budgeting process Trenton, NJ – Advancing his vision for a New Normal in state budgeting, Governor Chris Christie today presented a $29.4 billion budget for Fiscal Year 2012 that cuts real spending for a second consecutive year. The [...]

>Christie may cut Medicaid as $10.5 billion New Jersey budget deficit looms

2 years ago

in Chris Christie, Medicaid, new jersey budget crisis

Christie may cut Medicaid as $10.5 billion New Jersey budget deficit looms New Jersey Governor Chris Christie gives his first State of the State speech tomorrow after saying he may cut Medicaid and employee benefits to eliminate a $10.5 billion budget deficit in the second-wealthiest U.S. [...]

>Surplus of N.J. tax revenue may be byproduct of income shifting to avoid federal tax hike

2 years ago

in new jersey budget crisis, new jersey debt mess, new jersey fiscal crisis, tax revenue

Surplus of N.J. tax revenue may be byproduct of income shifting to avoid federal tax hikeChris Megerian/Statehouse Bureau TRENTON — New Jersey tax revenue is outpacing projections by 3.8 percent in the first five months of the fiscal year, the Treasury said yesterday.However, there are signs that [...]

>N.J. mayors push for caps on salary increases for public employees

2 years ago

in CWA, new jersey budget crisis, new jersey fiscal crisis, public employees, railroad strikes

N.J. mayors push for caps on salary increases for public employees N.J. mayors push for caps on salary increases for public employees TRENTON — A battle is brewing at the New Jersey Statehouse over whether to cap salary increases for public employees who can’t strike. (Associated [...]

>New Jersey Governor Chris Christie won’t raise taxes to close a $10.5 billion deficit next year

2 years ago

in Chris Christie, David Rosen, deficit estimate, new jersey budget crisis, new jersey corruption, new jersey fiscal crisis, taxes

Christie Won’t Raise New Jersey Taxes to Fill $10.5 Billion Budget Gap New Jersey Governor Chris Christie won’t raise taxes to close a $10.5 billion deficit next year, a gap almost matching the record hole he and lawmakers filled in the current $29.4 billion budget, his spokesman said. The fiscal [...]

>Property Tax Reform : How it will work

2 years ago

in 2.0 percent solution, Chris Christie, new jersey budget crisis, new jersey fiscal crisis, Property Tax Reform

FAQ: How Gov. Christie’s Property Tax Reform Would Work The historic deal reached this weekend between Gov. Chris Christie and lawmakers over a new 2 percent property tax cap includes several exemptions. And lawmakers will be in session over much of the summer to consider a package of other [...]