NJ finances were nation’s most out-of-balance over last 15 years
Updated datasets from The Pew Charitable Trusts also show New Jersey's employment level suffered the fourth-biggest drop among states during the pandemic.
state budget
Candidates for governor debate and dodge NJ budget questions
The second and final gubernatorial debate was held Tuesday. Early voting starts Oct. 23, and Election Day is Nov. 2.
NJ tax revenues soared 17% in past year, up nearly $6 billion
Total revenues for the 13 months ending in July were $40.8 billion. July collections each year get split between the past and new fiscal years.
NJ boosting TAG awards more than $2,000 for some college students
An extra $35 million in the state budget will mean larger needs-based Tuition Aid Grant awards in the coming year.
NJ awards over $35 million in arts grants, as arts budget doubles
The State Council on the Arts approves $28 million in state funds and $7.5 million in federal funds, with another $4 million for capital projects to come.
Porkapalooza or reflecting NJ needs? Legislature approves billions in spending
New Jersey’s most unusual state budget season ended in standard fashion , with the $46.4 billion plan sent to Gov. Phil Murphy’s desk in a party-line vote.
‘Shameful’ NJ budget process rushes toward approval Thursday
A 280-page bill spending $46.4 billion was available to lawmakers roughly 15 minutes and the public 10 minutes before it was taken up for votes.
NJ putting aside $3.7B to pay down and avoid more state debt
New Jersey's bonded debt is approaching $50 billion, including the $3.7 billion the state borrowed in November when it thought COVID would wreck its revenues.
Senate GOP says NJ budget windfall should go back to taxpayers
The state already plans to pay rebates of up to $500 to families this summer. Republicans suggest some of the $10 billion surplus should be used similarly.
NJ to expand prescription drug programs to 20,000+ more seniors
Lawmakers have begun advancing a plan offered by Gov. Phil Murphy in the proposed budget to expand income eligibility by $10,000 for PAAD and Senior Gold.
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.
Turns out borrowing $4.3B ‘not essential’ to balance NJ budget
The state's emergency COVID borrowing cannot be repaid early, but Treasury Department says it makes more sense to repay other debt with higher interest rates.