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A heavy focus on expenditure savings in Gov. Phil Murphy’s $38.6 billion budget proposal positions the state to withstand less revenue growth, according to the ratings agency.
March 13
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New Jersey Gov. Phil Murphy and a coalition of state lawmakers agreed to legalize recreational marijuana in a package that sets out tax rates.
March 12
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New Jersey Gov. Phil Murphy’s second proposed budget relies on tax increases to fund his policy initiatives.
March 5 -
Municipal bond issuance jumped 29.2% in February, and may climb further as the initial effects of the 2017 tax act fade.
February 28
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The head of the entity overseeing the Gateway initiative lays the delays at the foot of the Trump administration.
February 20
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Gov. Phil Murphy’s administration says the revenue shortfall is driven largely by federal tax law changes the GOP passed in 2017.
February 19 -
Gov. Phil Murphy’s administration issued an RFQ for an advisor to evaluate using state-owned assets to stabilize its pension system.
February 11
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Municipal bond issuance was not much changed from the start of 2018, marking the second year in a row volume got off to a slow start.
January 31
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Gov. Phil Murphy wants a major overhaul of what he sees as wasteful, ineffective tax incentive programs.
January 25 -
The legislature is exploring improvements to tax collection forecasting to better align the state’s spending priorities.
January 4
