Bob Considine

To no one’s surprise, New Jersey’s business community was not happy with the agreement on a $400 million income tax increase tax this week. The increased top income tax as part of the current FY2021 budget negotiations was passed off by Gov. Phil Murphy and legislative leaders as middle-class relief through $500 rebates. NJBIA President […]

New Jersey businesses could be looking at a large tax increase in July to replenish the diminished unemployment trust fund. About 1.6 million New Jersey workers have applied for unemployment benefits in the state since the start of the pandemic in March. The trust fund has paid out $4.7 billion in benefits. During a Senate […]

Lawmakers this week held legislation opposed by NJBIA that would result in 300 municipalities, encompassing 4.5 million residents, being designated as overburdened and denying economic growth opportunities. While NJBIA felt the bill S-232 was well-intentioned in trying to curb pollution problems in urban areas. But because of it set many parameters that were unattainable and […]