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Budgeting

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Posted on: June 19, 2019

June 20 Voting Session for State Senate & General Assembly

Both houses of the State Legislature are expected to meet tomorrow and approve the State budget bill and send it to Governor Murphy for his consideration. In addition, each House will consider dozens of other bills, many of interest to local governments. ...

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Budgeting
Posted on: June 18, 2019

Legislature Introduces FY 2020 Budget Bills

Yesterday in Trenton, the State Senate and the General Assembly introduced and advanced identical bills that would authorize State appropriations for the 2020 Fiscal Year that begins on July 1. S-2020/A-5600 would appropriate $38.7 billion. The bill assum...

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Budgeting
Posted on: June 17, 2019

Committee Releases First “Path to Progress” Bills

On Thursday the Senate State Government, Wagering, Tourism, and Historic Preservation Committee released the following Path to Progress bills:

•    S-3760 would require municipalities, counties, school districts, and local authorities to ...

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Budgeting
Posted on: June 7, 2019

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...

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Budgeting
Posted on: May 17, 2019

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...

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Budgeting
Posted on: April 5, 2019

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...

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Budgeting
Posted on: March 6, 2019

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...

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Budgeting
Posted on: January 18, 2019

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 ...

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Budgeting