Lawmakers granted Gov. Phil Murphy’s request to delay his speech introducing the proposed state budget for fiscal 2023 by two weeks, from Feb. 22 to March 8.
The look back over the past 15 years finds New Jersey’s finances were the most out-of-balance in the nation in that period, according to the state’s audited Comprehensive Annual Financial Reports.
The second and final gubernatorial debate Tuesday night hit the typical wide span of topics – COVID, school aid, marijuana, diversity, affordable housing and more.
Connecticut is now ranked worst by that measure for the first time since fiscal 2013, back when New Jersey ranked third from the bottom, also better off than Illinois.
A new research report by a conservative think tank reaches an old conclusion: New Jersey state government hasn’t made much progress addressing its long-term fiscal crisis in the last decade.
State tax revenues increased by nearly 17% compared to a year earlier in the period that makes up the 2021 fiscal year, the Department of the Treasury said Friday.
Lawmakers meet this afternoon to begin approval of New Jersey’s 2022 state budget, with the intention of getting it to Gov. Phil Murphy’s desk Thursday.
Sen. Michael Testa said that in addition to the federal aid, the state has to decide how to spend $4.3B from COVID emergency borrowing that wasn’t truly necessary and can’t be repaid early because of the way the debt was structured.