NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The home stretch of the FY22 budget season hits on Monday, when the Legislature is set to introduce its state budget bill. If the bill is voted out of committee early next week, which is anticipated, the Legislature could send it to Gov. Phil Murphy’s desk as early as Thursday, when voting sessions are scheduled […]
NJBIA is eyeing greater transparency in the state budget process, noting the public has been virtually shut out of how the Legislature and administration plan to use a more than $10 billion windfall. Lawmakers last week cancelled public hearings to go over the latest state tax revenue forecasts, which the state treasurer recently revised upward […]
With New Jersey already sitting on $6 billion in COVID-19 relief provided through the federal American Rescue Plan Act, State Treasurer Elizabeth Maher Muoio recently revealed that revenue collections in the state are expected to hit an all-time high, producing a more than $10 billion surplus to close out FY21, representing an increase of $3.8 […]
Updated revenue forecasts from the state Treasury this week now show New Jersey poised to open the 2022 fiscal year with a staggering $10 billion in budget reserves. As the deadline to finalize the FY22 State Budget nears, NJBIA is leading the call for policymakers to use the unprecedented surplus wisely. “It’s really important that we use […]
It’s early June – the beginning of the end of budget season in New Jersey. With COVID-19 upending how employers go about their business, NJBIA has been requesting budget language additions from legislative leadership and budget committee members to stimulate the economy using federal funds without increasing the size of the state’s massive $44.8 billion budget. “New Jersey is flush […]
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New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
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