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Most CPAs Surveyed Say Governor Murphy’s Proposed $49 Billion Budget Will Leave the Economy Worse

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the staff of the Ridgewood blog

Roseland NJ, nearly 55 percent of the more than 300 certified public accountants (CPAs) surveyed by the New Jersey Society of CPAs (NJCPA) said that Governor Murphy’s $48.9 billion proposed budget for the 2023 fiscal year will leave the state’s economy either marginally worse or significantly worse over the long term. This compares with 24 percent who believed it would stay the same and more than 20 percent who thought it would make the state’s economic situation better.

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CPA Says Tax Change Needed to Level the Playing Field for Small Businesses in Cannabis Marketplace

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the staff of the Ridgewood blog

Roseland NJ, On Feb. 22, Governor Phil Murphy signed legislation that legalized marijuana for adult recreational use, making New Jersey the first in the region and the 13th state in the nation to do so. That was step two in allowing cannabis sales to proceed in New Jersey. The final step will be adoption of the regulatory framework that will be drafted by the Cannabis Regulatory Commission.

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