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AccountingToday.com: NJ CPAs criticize state budget
More than 75 percent of CPAs in New Jersey say the Garden State’s recently enacted budget would have a negative impact on the economy, according to a new survey by the New Jersey Society of CPAs.
The NJCPA polled 921 CPAs for the survey and found that 39 percent predicted the state economy could get “marginally worse” under the 2019 state budget signed into law by Governor Phil Murphy on July 1, while 37 percent predicted it would get “significantly worse.” Another 14 percent felt the new budget would have no impact, while 10 percent believe the economy would get “marginally better” or “significantly better.”
Read the full article here.