Assembly panel endorses up to $14 billion in COVID borrowing
New Jersey could borrow as much as $14 billion to help replenish its budget and those of some counties and municipalities hit hard by the coronavirus pandemic.
Elizabeth Maher Muoio
As commuters work from home, NJ income tax coffers may benefit
New Jersey commuters who used to cross a river into New York or Philadelphia but have been working from home could yield an unexpected windfall for the state.
NJ details how next year’s school aid will shrink by $335 million
Districts that are losing aid will lose just as much as expected. Those that are gaining aid will receive, on average, two-thirds less than promised.
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.
NJ hoping for ‘April surprise’ of near-record $3B income tax payments
The state is counting on a robust but not unprecedented $3 billion in income taxes this month, exceeding what the tax generated in a whole year before 1991.
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.