The Murphy administration shifts appropriated funds into reserve, girding for the upheaval to the state budget anticipated due to the novel coronavirus.
Like all states, New Jersey’s state finances will feel the effects of the coronavirus. But its budget will suffer acutely due to its pre-existing condition.
From demands for extra spending to a decline in tax revenue, New Jersey's budget will be impacted by the coronavirus. Federal help is likely -- but how much?
Gov. Phil Murphy delivers his 2021 budget Tuesday, in which he’s expected to propose tax increases to help fund record payments for pensions and school aid.
Senate President Steve Sweeney has a three-part plan to dedicate a half-billion annually to NJ Transit. It includes $300 million from a 1% corporate tax hike.
It took 11 and a half years, longer than in all but five states, but New Jersey tax revenues are finally above where they’d been before the Great Recession.