On Wednesday, the Office of the State Comptroller released a critical report on the New Jersey Economic Development Authority’s administration of programs, meant to increase employment opportunities that gave certain business entities state tax breaks. Since 2005, the State–and New Jersey taxpayers–awarded nearly $11 billion in tax incentives, intended for companies to either create or retain jobs in New Jersey. Governor Murphy signed Executive Order No. 3 on January 19, 2018, ordering the performance audit.
You can access a copy of the final report on the Comptroller’s Website
Contact: Jon Moran, Senior Legislative Analyst, email@example.com, 609-695-3481, x121.