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Trenton NJ, the New Jersey Cannabis Regulatory Commission approved the first 18 annual licenses for cannabis businesses. Eight of the applications were for direct to annual license applicants, and 10 were applications to convert existing conditional licenses to annuals.
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Trenton NJ, A federal indictment was unsealed today charging four Chinese nationals, including three Ministry of State Security (MSS) intelligence officers, in connection with a long-running intelligence campaign targeting individuals in the United States to act as agents of the People’s Republic of China (PRC), U.S. Attorney Philip R. Sellinger and National Security Division Assistant Attorney General Matthew Olsen announced.
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Trenton NJ, the Republican members of the Senate Budget & Appropriations Committee criticized the State Treasurer today for not responding to nine pages of budget questions, and requests for data, about the State’s health insurance plans for public employees submitted seven months ago.
Continue reading Calls For More Transparency on State’s Health Insurance Plans
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Trenton NJ, after the Internal Revenue Service (IRS) announced changes to federal income tax brackets to protect workers from inflation, Senator Anthony M. Bucco called for New Jersey lawmakers to advance his legislation to prevent tax bracket creep at the state level for New Jerseyans.
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Trenton NJ, More than eight months since Governor Murphy signed bipartisan legislation sponsored by Senators Paul Sarlo and Declan O’Scanlon requiring the State Treasury to divest certain Russian holdings, the State appears to have done little in way of following the law’s requirements.
Continue reading Murphy Administration Fails to Comply with its Own Russian Divestiture Law
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Morristown NJ, on October 20th, New Jersey’s Department of Labor and Workforce Development issued the monthly jobs report for September 2022. Dr. Charles Steindel, former Chief Economist of the State of New Jersey, analyzed the report for the Garden State Initiative: Continue reading New Jersey Job Numbers Soft Despite Plunge in Unemployment Rate
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Trenton NJ, the Office of the Attorney General announced today that the New Jersey Bureau of Securities has reached a $495 million agreement in principle with Credit Suisse Securities (USA) LLC, Credit Suisse First Boston Mortgage Securities Corp., and DLJ Mortgage Capital, Inc. (collectively “Credit Suisse”) that would resolve a lawsuit arising from the offer and sale of toxic residential mortgage-backed securities (“RMBS”) from 2006 to 2007 in the run-up to the 2008 financial crisis. Once final, the deal will be one of New Jersey’s largest civil monetary recoveries in the state’s history, and will include, among other things, approximately $300 million in restitution for investors nationwide.
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Trenton NJ, the impact of the pandemic on education is becoming clearer with news the average ACT test score sunk to its lowest point in 30 years, and Senator Joe Pennacchio today said botched government policy is largely to blame.
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Trenton NJ, Senator Declan O’Scanlon said NFL star wide receiver Tyreek Hill perfectly demonstrated New Jersey’s tax problem when he explained why he chose to be traded to the Miami Dolphins instead of the New York Jets: “It was very close to happening, but it was just those state taxes, man.”
Continue reading NFL’s Tyreek Hill Demonstrates How NJ’s High Taxes Impact Behavior
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Trenton NJ, Senator Kristin Corrado has introduced legislation that will strip public officials of their pensions if they are convicted of certain serious crimes that touch on their office or employment.
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Trenton NJ, the New Jersey Department of State’s Business Action Center has announced today that it has been awarded $500,000 in federal funds for the State Trade Expansion Program (STEP) to support new-to-exporting food and beverage manufacturers in underserved business communities.
Continue reading New Jersey Announces $500K to Expand Small Business Exporting
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Trenton NJ, Senator Jim Holzapfel, Assemblymen Greg McGuckin, and Assemblyman John Catalano (all R-10) said Governor Phil Murphy is attempting to squash any dissenting viewpoints on the New Jersey State Board of Education with new nominations announced yesterday.
Continue reading Is Governor Murphy Squashing Dissenting Viewpoints on State Board of Education
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Trenton NJ, a state grand jury today voted to indict 14 corrections officers who were charged after a January 2021 incident at the Hunterdon County-based Edna Mahan Correctional Facility for Women, in which inmates were forcibly removed from cells and some were beaten, leaving two of the victims severely injured.
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Trenton NJ, Senator Jim Holzapfel, Assemblyman Greg McGuckin, and Assemblyman John Catalano (all R-10) said Governor Murphy is delusional if he thinks New Jersey is “prepared” to accept illegal immigrants that might be transported from other states when his administration has failed to deliver basic government services to New Jersey residents.
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Trenton NJ, Nearly seven in 10 business executives (68%) said they believe the U.S. economy has entered a recession, and vast majority of them (71%) believe it will last longer than a year, according to a survey of business executives conducted by the New Jersey Chamber of Commerce. The results were released today.
