Path to Progress

Senate President-NJEA Deal to Save $670M in Property Taxes

Mar09,2020

A new health plan to be offered to school employees would save local taxpayers $670 million per year and reduce premium contributions by participating educators by another $403 million, Senate President Stephen Sweeney announced this morning. At a State House press conference, Sweeney and New Jersey Education Association President Marie Blistan called the plan a […]

Small Business Tax Relief Advances

Dec13,2019

By Danielle Wink

Nearly two years since it was first introduced, S-3246 – Sarlo (D36); Singleton (D7); Oroho (R24); Bucco (R25) / A-4807 Benson (D14); Bucco (R25); Freiman (D16) is poised to land on Governor Murphy’s desk on Monday night. This bill will allow pass-through entities, which are mostly small businesses like S-corps, LLCs and partnerships, to claim […]

Pension, Retiree Healthcare Costs Fuel NJ’s Debt Problem

Sep30,2019

By Steve Wilson

New Jersey’s public employee pension and benefit cost liabilities grew in FY 2018, leaving the state’s retirement system with the worst finances of all 50 states. It’s hardly a new development; New Jersey’s pension and benefits liabilities have been the highest in the nation for the last few years. But fixing the problem is expensive […]

Research Points to Need for NJ Pension System Reforms

Jul19,2019

By NJBIA

Research by The Pew Charitable Trusts shows New Jersey has the second-largest pension fund deficit in the nation and underscores the urgent need to transition to a more sustainable hybrid system, NJBIA President & CEO Michele Siekerka said Friday. According to Pew’s nationwide research on the fiscal health of public employee retirement plans, New Jersey […]

NJBIA Supports First Round of Path to Progress Bills Advancing in Legislature

Jun13,2019

By NJBIA

NJBIA supported nine bills before a legislative committee on Thursday that represent the first step toward the implementation of the bipartisan Path to Progress report, which identified ways to reduce taxes and make the state more competitive by reforming the state’s revenue structure. “New Jersey needs to make structural financial reforms because its increasing debt […]

Path to Progress

Sign Up for NJBIA's

NJ Business Today

Footer