budget

At the end of last week, there was a great deal of talk about the horrible effects across the nation that would take place if the automatic federal budget cuts that were triggered by the sequester took effect.

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Democratic leaders in the legislature say New Jersey's budget was in serious trouble long before Sandy battered the Garden State. They claim there is a huge revenue shortfall in the current fiscal year's spending plan and they strongly believe things are only going to get worse. Democrats say the time to indentify cuts is now.

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Gov. Chris Christie has conditionally vetoed a bill that would have required more prompt reporting each month of state finances and expanded the areas covered by the law.

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The consequences could be severe, according to the Congressional Budget Office, if Congress can't find a way to keep tax cuts from expiring and to keep automatic spending cuts from taking effect in January.

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Gov. Chris Christie is asking residents to email Democrats to demand a tax break.

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The New Jersey Legislature's budget office says state revenues are likely to fall another $50 million to $100 million short of projections before the fiscal year concludes.

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Early revenue numbers suggest that New Jersey’s business and income tax collections are lagging behind estimates. The final tally from income tax revenue is pending, but the chairman of the Assembly Budget Committee is already on the offensive attacking what Governor Chris Christie calls the ‘New Jersey Comeback.’

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How much you will pay in taxes, how your kids' schools are funded and more will be decided by the State Budget.

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Budget season is ramping up in New Jersey. For the past decade Lou Greenwald has been chairman of the Assembly Budget Committee, but there's a new sheriff in town and his name is Vinnie Prieto.

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A new study by the Center for Budget Policy Priorities finds dozens of states have gone through great struggles to balance their budgets since the Great Recession began in 2003 - but no state has had a tougher time - and made more severe cuts than New Jersey.

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