the staff of the Ridgewood blog
Roseland NJ, More than 60 percent of the 892 certified public accountants (CPAs) surveyed by the New Jersey Society of Certified Public Accountants (NJCPA) after Governor Murphy presented his budget for New Jersey’s 2021 fiscal year on Aug. 25 said they were either “somewhat opposed” or “strongly opposed” to $4 billion in new borrowing to offset a revenue deficiency caused by the COVID-19 pandemic. More than three in four respondents (78 percent) felt the proposed budget would make the state’s economy “marginally worse” or “significantly worse” over the long term.
Continue reading NJ CPAs Strongly Oppose Governor Murphy’s 2021 Budget Borrowing and Tax Scheme
