By Ben Kahn(The Center Square) – Data made public recently by the federal Bureau of Economic Analysis revealed that staggering despite the impact of the coronavirus pandemic, New Jersey’s economy fared a touch better than many of its neighbors in the…

(The Center Square) – The New Jersey Senate Budget Committee will vote Tuesday on a proposal that will allow Gov. Phil Murphy to borrow up to $9.9 billion from the federal government to cover state budget shortfalls attributed to restrictions…

By Elise Young and David WestinNew Jersey Governor Phil Murphy hinted at tax increases for next fiscal year, saying the state will need “revenue raisers” to balance the budget and recover from the pandemic.The $7.6 billion stopgap budget Murphy enacted…

By Andrew CoenNew Jersey bought some time with its three-month stopgap budget, deferring significant expenses that push off challenging decisions for lawmakers until they craft a 2021 spending plan.The $7.6 billion stopgap budget, covers the period from July 1 through…

New Jersey has an opportunity to turn a looming budget crisis into a necessary rehabilitation of its fiscal house—especially its beleaguered public-pension and health-care programs. Currently, the cost of New Jersey’s health and retirement benefits for teachers and public employees…

New Jersey state government had overtaxed and overspent itself into a deep hole before Gov. Phil Murphy took office at the start of 2018. It already had $48 billion in debt and the nation’s biggest shortfall — $152 billion —…

By Michele N. SiekerkaWith New Jersey in the throes of a historic economic crisis, it is abundantly clear that tough choices will need to be made during an even more challenging budget season.Gov. Phil Murphy is often heard saying “we…