NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The New Jersey Business & Industry Association told the Select Commission on Emergency COVID-19 Borrowing today that New Jersey’s fiscal shortfall does not amount to the need for $4.5 billion in borrowing proposed in the FY2021 State Budget. NJBIA Vice President of Government Affairs Christopher Emigholz urged the commission in written and oral testimony to limit the […]
Thousands of New Jersey small businesses are fighting for their very survival, but that has not stopped the governor and legislative leaders from creating new government spending programs unrelated to COVID-19 and hiking taxes on businesses to pay for them. NJBIA President and CEO Michele Siekerka took to the airwaves to criticize the Legislature’s FY 2021 spending […]
Gov. Phil Murphy and legislative leaders celebrated an agreement on a $400 million income tax increase tax this week as part of the current FY2021 budget negotiations. But unfortunately the realities and the intent of this oft-proposed income tax increase are two things. The revised FY2021 budget will raise the state’s gross income tax rate […]
The business community’s campaign to shrink Gov. Phil Murphy’s proposed $40.1 billion budget—along with the proposed tax increases and borrowing that go with it—got underway in earnest this week. With a press conference, an op-ed and testimony before the Legislature, NJBIA and the 100+-member New Jersey Business Coalition have called on the Legislature to tighten […]
New Jersey will be able to borrow money to cover the revenue shortfall caused by COVID-19, the New Jersey State Supreme Court ruled today. In a unanimous opinion written by Chief Justice Stuart Rabner, the court upheld the controversial law authorizing the state to borrow up to $9.9 billion without first getting voter approval. The […]
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New Jersey Business & Industry Association
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