74 percent of New Jersey CPA’s said that it would get worse, under Governor Murphy’s proposed budget plan

May 31,2018

the staff of the Ridgewood blog

Ridgewood NJ, in a new survey, certified public accountants (CPA’s) in New Jersey believe the spending plan put forth by Gov. Phil Murphy would be bad for the Garden State.

Nearly 75 percent of the 786 NJCPA members  responded to the survey conducted earlier this month said New Jersey’s economy would either get “significantly worse” (31 percent) or “marginally worse” (44 percent) over the long term under Governor Murphy’s proposed budget plan.

Ralph Albert Thomas, the CEO and executive director at the NJ Society of CPAs, says when members were asked about Murphy’s budget proposal “and the impact it would have on the economy going forward, an overwhelming 74 percent said that it would get worse, and 31 percent said it would get significantly worse.”

Meanwhile just 14 percent of respondents said Murphy’s proposed spending plan would help the Jersey economy.