News Flash

Tax Incentive Debate Looms over State Budget

On Wednesday, Governor Murphy outlined his proposal for a revamping of State economic development initiatives offered through the Economic Development Agency (EDA). As you are likely aware, the incentives advanced in the Economic Opportunity Act of 2013 h...

Revised State Revenue Estimates Improve Budget’s Outlook

On Tuesday and Wednesday of this week, the non-partisan Office of Legislative Services (OLS) and State Treasurer Elizabeth Maher Muoio presented revised revenue estimates for the State’s current (FY ‘19) Fiscal Year and the State’s upcoming (FY ‘20) Fisca...

State Budget Makers Focus on Revenue Forecasts

Early this week, the Assembly Budget Committee and the Senate Budget and Appropriations Committee began a series of hearings on Governor Murphy’s proposed spending plan for the 2020 Fiscal Year. The process started with a focus on revenues, projected to b...

Governor's Proposed SFY 2020 Budget

Yesterday in Trenton, Governor Murphy presented his second budget proposal to the Legislature and the people of New Jersey. From our perspective, municipal property tax relief funding is of paramount importance.

We thank the Governor for an appropriate inc...

Municipal Property Tax Relief and the Next State Budget

On March 5, Governor Murphy is scheduled to present his Budget Address to the Legislature and the people of New Jersey. At that time, he will propose a State spending plan for the Fiscal Year that will begin on July 1. That proposal will be the basis for ...