Our government affairs experts take a deep dive into Governor Phil Murphy’s FY 2021 State Budget with a look at proposed spending, tax increases, as well as places where with a little more focus New Jersey could save billions.
FY 2021 Budget
New Jersey Business and Industry Association Vice President of Government Affairs Chris Emigholz called for a stop on “unrelenting” and “unnecessary” tax increases in his testimony on the FY 2021 State Budget before the Senate Budget and Appropriations Committee today at the New Jersey Institute of Technology. While citing some positives for the business community in […]
Governor Murphy delivered his third budget proposal to the Legislature for fiscal year 2021 (FY21) on the afternoon of Tuesday, February 25, 2020. He is planning to spend $40.9 billion – an increase of $2.2 billion or 5.7% from last year’s signed FY20 budget. Cumulatively for the three budgets of the Murphy Administration, this represents […]
NJBIA President and CEO Michele N. Siekerka, Esq. issued the following statement regarding Gov. Phil Murphy’s proposed FY 2021 budget today. “NJBIA appreciates Governor Murphy’s efforts to prepare a state budget that makes investments in New Jersey’s future, particularly given our state’s considerable fiscal challenges. We support investments in NJ TRANSIT and workforce development proposed […]