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.
TRENTON — 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 »
TRENTON — 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 »
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 »
TRENTON — 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 »
ABOARD 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 »
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 »
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 »
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.
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 »