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NJ Fiscal Year 2022 Budget : No Sizable Tax Relief Despite the State receiving a $5 billion tax windfall

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the staff of the Ridgewood blog

Trenton NJ, Governor Murphy, Senate President Sweeney, Speaker Coughlin, Senate Budget Chair Sarlo, and Assembly Budget Chair Pintor Marin announced an agreement on the Fiscal Year 2022 Budget.

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NJ State Senate Republicans Propose Returning $4 Billion to New Jersey Taxpayers

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the staff of the Ridgewood blog

Trenton NJ, Republican members of the Senate Budget & Appropriations Committee called for a windfall of State tax revenues to be returned to New Jersey taxpayers after the State Treasury revealed billions in unexpected revenues that isn’t needed to balance the budget or meet important priorities.

The Republican members of the Senate Budget Committee called for a windfall of State tax revenues to be returned to New Jersey taxpayers.

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NJ Treasurer Bails on Budget Meeting while Murphy Administration Has $11.5 Billion and No Plan to Help NJ

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the staff of the Ridgewood blog

Trenton NJ, The Republican members of the Senate Budget & Appropriations Committee responded to a revenue update from the Murphy administration showing a massive $5 billion increase in State revenues during FY 2021 and FY 2022, well beyond what legislators were told to expect. Combined with nearly $6.5 billion in federal relief funds sent to New Jersey, the Murphy administration now has $11.5 billion in cash and absolutely no plan to use it to help New Jersey.

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Critics Shred Governor Murphy’s “Crazy Eddie ” Budget and Bond Scheme

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the staff of the Ridgewood blog

Trenton NJ, The Republican members of the Senate Budget & Appropriations Committee — Senate Republican Budget Officer Steven Oroho (R-24), Senator Sam Thompson (R-12), Senator Declan O’Scanlon (R-13), and Senator Michael Testa (R-1) — issued the following background brief today on the Murphy Administration’s pending closing on $4 billion of emergency bonds:

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Senate Republican Budget Committee Members Sound off on Democrats’ Tax Deal

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the staff of the Ridgewood blog

Ridgewood NJ, Statements from Senate Republican Budget Committee Members on Democrats’ Tax Deal . The four Republican members of the Senate Budget & Appropriations Committee issued the following statements in response to a tax deal announced by Governor Phil Murphy and Democratic legislative leaders today.

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COVID 19 State of Emergency Requires Massive State Spending Cuts

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Billions in Spending Increases Proposed Before Crisis Remain Unchanged While Emergency Programs to Keep People Employed Run Dry Within Minutes

the staff of the Ridgewood blog

Trenton NJ, The Republican members of the Senate Budget & Appropriations Committee called on Governor Phil Murphy to announce which of the billions of dollars in new programs and spending and school aid increases he proposed in February will be scaled back to better fund emergency programs that are critical to helping small businesses survive and hundreds of thousands of New Jerseyans to stay employed.

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