On June 30, Governor Christie signed Executive Order No. 209, which effectively placed millions of dollars in budget appropriations in fiscal reserve until public-employee healthcare plan design committees are able to find $250 million in savings that had been built into the budget.
The Executive Order also directed the Treasurer, in consultation with the Acting Attorney General, to explore the necessary steps to withdraw the State of New Jersey from the Reciprocal Personal Income Tax Agreement between Pennsylvania and New Jersey.
Additionally, former New Jersey State Treasurer Andrew Sidamon-Eristoff supported this concept in an op-ed he wrote back in December. To see a copy of this article, please click here.
NJBIA is evaluating the impact of this change and we would like to hear from you. Please reach out to me at firstname.lastname@example.org if you have any questions or comments on this potential change that you would like to share.