Christie says there’s no reason for a government shutdown

TRENTON — The clock is ticking for lawmakers and Gov. Chris Christie to hash out a compromise on a state budget by the end of the week or else New Jerseyans will be staring down the barrel of the first state government shutdown since 2006. At odds are the differences within the Democratic-controlled Legislature over a… Read the rest of this entry »

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Posted: June 27th, 2017 | Author: | Filed under: Chris Christie, New Jersey, New Jersey State Budget | Tags: , , , , | 1 Comment »

Increasing Fiscal Transparency by Tracking, Reporting on Unspent Funds

While Democratic legislative leaders are negotiating a budget with Gov. Chris Christie this week, lawmakers are also moving toward final passage of a bipartisan bill that would bring a new level of transparency to how taxpayer dollars are spent by state government each year. Both houses of the Legislature are expected to approve later today a… Read the rest of this entry »

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Posted: June 22nd, 2017 | Author: | Filed under: New Jersey, New Jersey State Budget | Tags: , , , | 4 Comments »

Interactive Map: Charting the Ups and Downs of Dems’ School-Aid Plan

You can toggle between districts by type — elementary, regional HS and K-12 — by clicking in the Visible layers box (K-12 are shown by default). To find a district, zoom in and move the map, or use the search box (with the magnifying glass). Hover over or click on a district for information. A day… Read the rest of this entry »

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Posted: June 16th, 2017 | Author: | Filed under: Education, Monmouth County News, New Jersey, New Jersey State Budget, NJ Democrats, Property Taxes | Tags: , , , , , | 2 Comments »

Beck: School Funding Should Be Fair and Transparent

Senator Jennifer Beck

By Senator Jennifer Beck

The biggest issue facing our state is property taxes.  And the biggest impact on that issue is school taxes.

Over the next several weeks, a new plan for school funding will be debated in Trenton.

There aren’t a lot of details being provided on this plan or its methodology, but estimates suggest that it could end up costing Monmouth County schools over $100 million in state school aid.

This plan, if estimates are true, isn’t a fair or equitable solution to our school funding crisis.

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Posted: June 15th, 2017 | Author: | Filed under: Jennifer Beck, Monmouth County News, New Jersey, New Jersey State Budget, Opinion, Property Taxes | Tags: , , , , , , , | No Comments »

O’Scanlon: Trenton Dems to blame for NJ’s credit downgrades

Assemblyman Declan O’Scanlon, the Republican Assembly Budget Officers responded to Democrats’ suggestion the New Jersey’s declining credit rating is solely the fault of the Christie Administration by suggesting Democratic leadership look in the mirror.

O’Scanlon cited downgrade reports from Moody’s and S&P:

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Posted: May 3rd, 2017 | Author: | Filed under: Declan O'Scanlon, New Jersey, New Jersey State Budget | Tags: , , , , , , , , , | Comments Off on O’Scanlon: Trenton Dems to blame for NJ’s credit downgrades

Christie issues Executive Order to fund transportation projects from the general state fund

file photo

file photo

Governor Chris Christie announced this afternoon that he has ordered the State Treasurer to fund transportation projects that are absolutely essential for the protection of the health, safety, and welfare of the people of the State of New Jersey, or that are required to ensure the receipt of federal funding.

The Governor’s announcement comes as the Transportation Trust Fund is on the verge of running out of money.  The legislature failed to pass a funding mechanism for the fund by June 30th.  Christie subsequently shut down all non-essential projects and those not at risk of losing federal funding.

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Posted: August 17th, 2016 | Author: | Filed under: Chris Christie, Gas Tax, New Jersey, New Jersey State Budget | Tags: , , , , | 1 Comment »

N.J. avoids credit rating downgrade despite pension, road funding woes

assetContentTRENTON — A Wall Street ratings agency on Monday left New Jersey’s credit rating unchanged though it’s “cautious” on the state’s ability to meet its revenue forecasts this year. Fitch ratings noted that despite the state’s more conservative revenue forecasting in recent years — a departure from years of overly optimistic estimates that left big holes… Read the rest of this entry »

Posted: August 16th, 2016 | Author: | Filed under: New Jersey, New Jersey State Budget | Tags: , , , | Comments Off on N.J. avoids credit rating downgrade despite pension, road funding woes

N.J. could be in big trouble if another recession hit

assetContentTRENTON — A new study cast doubts on whether New Jersey can withstand another economic downturn. It’s the second such study this year to find that the state, which has lagged behind the rest of the nation in recovering from the Great Recession, is particularly vulnerable and unprepared for yet another. New Jersey is among 10… Read the rest of this entry »

Posted: August 14th, 2016 | Author: | Filed under: Economy, New Jersey State Budget | Tags: , , , | Comments Off on N.J. could be in big trouble if another recession hit

Christie signs $34.5B budget, cuts Democratic spending

assetContent (3)TRENTON — Gov. Chris Christie on Thursday signed a $34.5 billion budget, but not before slicing into the $300 million Democrats added to the spending plan earlier in the week. Christie handed down his line-item vetoes Thursday evening amid a stalemate over transportation funding and hours before the start of the new fiscal year. The Legislature… Read the rest of this entry »

Posted: June 30th, 2016 | Author: | Filed under: Chris Christie, New Jersey, New Jersey State Budget | Tags: , , | Comments Off on Christie signs $34.5B budget, cuts Democratic spending

N.J. faces surprise revenue shortfall that Christie has 6 weeks to confront

IMG_3433TRENTON — State budget officials predict New Jersey will face a $487 million budget shortfall this year and $622 million shortfall next year due mostly to sluggish income tax collections. The nonpartisan Office of Legislative Services will present its estimates to the Assembly Budget Committee on Tuesday, and the Treasury Department will follow up later in… Read the rest of this entry »

Posted: May 18th, 2016 | Author: | Filed under: New Jersey State Budget | Tags: , , , | Comments Off on N.J. faces surprise revenue shortfall that Christie has 6 weeks to confront