The end of August is often a quiet time in state government, but 2020 has been anything but normal. Toward that I wanted to update you on all that is going in Trenton. Back on Feb. 25, the day of Governor Murphy’s first budget address before the pandemic, NJBIA provided to you all NJBIA’s First […]
FY 2021 Budget
Testimony before the Senate Budget and Appropriations Committee
Good afternoon. My name is Raymond Cantor and I am Vice President of Government Affairs for the New Jersey Business & Industry Association. NJBIA is the largest statewide business association in the nation whose members account for 1 million jobs. Thank you for the opportunity to comment on Senate Bill No. 232. The comments I […]
Assembly Hears from Treasurer and OLS Budget Experts on State Budget Impact of COVID-19
After the global pandemic forced the cancellation of the Assembly’s public budget hearings back in March and the postponement of the usual April and May department budget hearings, the Assembly Budget Committee held its first budget hearing of the year on Thursday. It was remote and it was regarding a very different budget than anyone […]
Governor, Treasurer Release Plan to Address COVID-19 Revenue Declines
Gov. Phil Murphy and Treasurer Elizabeth Maher Muoio met their new statutory deadline on Friday to release more information on the financial condition of the current FY20 State Budget, which must close out balanced. They also provided an update on the FY21 State Budget that Governor Murphy proposed back in February, which has since been […]
Senate Budget Chair Suspends Budget Hearings
Senator Paul Sarlo, the chairman of the Senate Budget and Appropriations Committee, issued the following statement today announcing the suspension of the committee’s hearings on the Fiscal Year 2021 state budget and plans for crafting a new “coronavirus crisis” budget: “Following through on the agreement among the Governor and the Senate and Assembly leaders to extend […]