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Budgeting

5 Stories
Posted on: July 10, 2019

Governor Freezes Most Transition Aid

Upon signing the FY 2020 State budget, Governor Murphy issued Executive Order 73, which impounds up to $235 million in spending, and is not subject to a potential override. Specifically, EO 73 directs the Department of Treasury, Office of Management and B...

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Budgeting
Posted on: July 1, 2019

Governor Signs State FY 2020 State Budget; Line Items Out $48.5 million and Reserves $235 Million

On Sunday Governor Phil Murphy signed the State FY 2020 budget following a 2 pm public event. In doing so, the Governor used his authority to line item out $48.5 million in expenditures in the budget.  From the just over $48 million in spending t...

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Budgeting
Posted on: June 28, 2019

State Budget Update

Sunday, June 30, is the deadline for the passage of the balanced state budget. As you know, last Thursday the State Senate and the General Assembly approved and sent to the Governor a State spending plan for the 2020 Fiscal Year that begins on July 1. S-2...

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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