BPU Joins National Offshore Wind Research and Development Consortium On June 21, the state of New Jersey announced its intention to join the National Offshore Wind Research and Development Consortium as a board member and public sponsor. The $18.5 million consortium is administered by the New York State Energy Research and Development Authority. BPU Begins […]
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Recap of the Final NJ Budget for FY 2019
On Sunday evening, lawmakers approved a series of tax increases, many of which will impact businesses, to fund the FY 2019 NJ budget ($37.4 billion) that was signed into law. Most notably, the budget deal comes with an increase in the corporate business tax, the inclusion of combined reporting and an increase in the income […]
Recent Tax Proposals – Your Input Needed
Over the past week, there have been a number of tax changes proposed in the FY 2019 budget, affecting both businesses and individuals in New Jersey. As we prepare our responses to these proposals, we are seeking your feedback and input regarding the impact these changes will have on you, your company, or your clients. […]
FY 2019 Budget Proposal
Yesterday, Gov. Murphy delivered his FY 2019 budget proposal, which spends $37.4 billion and maintains a surplus of $743 million. The proposal reflects a $2.7 billion increase from the FY 2018 Budget ($34.7). Below are a number of documents related to the proposal, as well as a summary which highlights many items important to the […]