In the New Jersey Society of CPAs “Issue Watch” podcast released today, NJBIA’s budget expert Chris Emigholz breaks down the numbers in the disastrous FY 2021 state budget that took effect on Oct. 1.
Two major tax increases, billions of dollars in unnecessary borrowing, and increased state spending for non-COVID-19 operating expenses will hurt the state’s economy and businesses that have already been hit hard by the pandemic, Emigholz tells podcast host Jeff Kaszerman.
Go here to listen to the entire podcast.