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Bigger tax relief likely amid ‘unprecedented’ NJ revenue surge
The Murphy administration says revenues in the current and upcoming years will be $7.8 billion higher than it expected in March.
David Drescher
David Drescher
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NJ’s budget awash in cash, though probably not for long
Though the state approaches its new budget with a huge surplus, analysts are cautioning a fiscal cliff could await a year later. Federal funds might delay it.
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Treasury doesn’t share Legislature’s optimism on NJ tax revenues
The Office of Legislative Services forecasts a drop in revenues but projects it to be $1.37 billion higher than the Murphy administration does.
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Legislature’s analysts issue slightly less dire revenue outlook for NJ
Murphy administration's $10B forecast for a drop in revenues is plausible, though in short term OLS expects gap to be almost $500M smaller.
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Gas tax hike coming? Treasurer says no, sales trend says yes
Gasoline sales continue to decline in New Jersey, raising the possibility of another gas-tax hike this fall. The Murphy administration thinks it can be avoided.
