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: , , , | No Comments »

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: , , , | No Comments »

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

Bramnick: N.J. can’t afford to restore aid to towns to cut property taxes

assetContentABOARD THE CHAMBER TRAIN — Assembly Minority Leader Jon Bramnick (R-Union) said Thursday he’d like to restore aid to New Jersey’s municipalities to lower property taxes, but the state simply can’t afford it. Lawmakers have introduced a bill ( A302) to restore hundreds of millions of dollars in energy tax receipts and Consolidated Municipal Property Tax… Read the rest of this entry »

Posted: February 26th, 2016 | Author: | Filed under: New Jersey, New Jersey State Budget, News, NJ GOP, Property Taxes | Tags: , , , , , | Comments Off on Bramnick: N.J. can’t afford to restore aid to towns to cut property taxes

Ex-state treasurer to talk about N.J.’s budgetary challenges

assetContent (67)LAWRENCE — Former state treasurer Andrew Sidamon-Eristoff who resigned last July will be talking at Rider University next week about the budgetary challenges facing the state. “Andrew Sidamon-Eristoff has been a leading player inside the Christie administration for several years,” said Benjamin Dworkin, director of the school’s Rebovich Institute for New Jersey Politics, which is sponsoring… Read the rest of this entry »

Posted: February 25th, 2016 | Author: | Filed under: New Jersey, New Jersey State Budget, News | Tags: , , , , | Comments Off on Ex-state treasurer to talk about N.J.’s budgetary challenges

Christie’s Budget Address: Mixed Message to State’s Democratic Lawmakers

More money for education and the public-employee pension system. A continuation of an increased tax credit for the state’s lowest wage earners. And a call for a “reasonable agreement” on renewing New Jersey’s Transportation Trust Fund. Though the tone of Gov. Chris Christie’s budget message yesterday may have been combative at times, the… Read the rest of this entry »

Posted: February 17th, 2016 | Author: | Filed under: Chris Christie, New Jersey State Budget, News | Tags: , , | Comments Off on Christie’s Budget Address: Mixed Message to State’s Democratic Lawmakers

Christie will defend his record, Call for bi-partisan cooperation in his Budget Address

 

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Governor Chris Christie will highlight the progress that New Jersey has made in the 2220 days since he was sworn in as governor and challenge the legislature to put aside partisanship and continue to work to solve the State’s problems for the next 630 days until the next gubernatorial election in his 2017 Budget Address this afternoon, according to excerpts released by his office.

The State’s ongoing recovery from Superstorm Sandy was not mentioned in the excerpts.

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Posted: February 16th, 2016 | Author: | Filed under: Chris Christie, New Jersey, New Jersey State Budget | Tags: , , , | Comments Off on Christie will defend his record, Call for bi-partisan cooperation in his Budget Address

Christie returns to N.J. for budget speech: What lawmakers want him to say

assetContent (9)TRENTON — Gov. Chris Christie will propose a new state budget to the New Jersey Legislature on Tuesday, less than a week after bowing out of the Republican presidential race. The budget address marks the Republican governor’s first public appearance since exiting that race and returning full-time to New Jersey after months of campaigning out of… Read the rest of this entry »

Posted: February 16th, 2016 | Author: | Filed under: Chris Christie, New Jersey, New Jersey State Budget | Tags: , , | 1 Comment »