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$4 billion in New Borrowing Submitted by Governor Murphy is Wholly Irresponsible

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the staff of the Ridgewood blog

Trenton NJ, Several bills up for committee votes today will make the proposed FY2021 budget revision go from bad to worse, the New Jersey Business & Industry Association testified today.

NJBIA Vice President of Government Affairs Christopher Emigholz told the Assembly and Senate Budget committees today that adding another $500 million in borrowing to the already unnecessary $4 billion in borrowing submitted by Gov. Phil Murphy is wholly irresponsible.

Continue reading $4 billion in New Borrowing Submitted by Governor Murphy is Wholly Irresponsible

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NJ Chamber of Commerce , “This budget drives more nails into the business coffin. There’s nothing in this budget that grows the economy”

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the staff of the Ridgewood blog

Trenton NJ, Business groups today urged Gov. Phil Murphy and the Legislature to work toward a more fiscally responsible FY 2021 budget that recognizes New Jersey’s economic realities.

Among the calls made by the groups were the elimination of $1 billion in new taxes and a large reduction of $4 billion in borrowing proposed by Governor Murphy.

Continue reading NJ Chamber of Commerce , “This budget drives more nails into the business coffin. There’s nothing in this budget that grows the economy”