Bigger tax relief likely amid ‘unprecedented’ NJ revenue surgeBigger tax relief likely amid ‘unprecedented’ NJ revenue surgeThe Murphy administration says revenues in the current and upcoming years will be $7.8 billion higher than it expected in March.Michael SymonsMichael Symons
Inflation, imbalance: Lots of anxiety over NJ’s $49B budget planInflation, imbalance: Lots of anxiety over NJ’s $49B budget planConsidering the record revenues and surplus, there was quite a bit of angst as the Assembly Budget Committee met with Gov. Phil Murphy's treasurer.Michael SymonsMichael Symons
Treasury doesn’t share Legislature’s optimism on NJ tax revenuesTreasury doesn’t share Legislature’s optimism on NJ tax revenuesThe Office of Legislative Services forecasts a drop in revenues but projects it to be $1.37 billion higher than the Murphy administration does.Michael SymonsMichael Symons
Legislature’s analysts issue slightly less dire revenue outlook for NJLegislature’s analysts issue slightly less dire revenue outlook for NJMurphy administration's $10B forecast for a drop in revenues is plausible, though in short term OLS expects gap to be almost $500M smaller.Michael SymonsMichael Symons
Gas tax hike coming? Treasurer says no, sales trend says yesGas tax hike coming? Treasurer says no, sales trend says yesGasoline 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.Michael SymonsMichael Symons