Before the Murphy administration can start borrowing money to plug state budget gaps, a challenge to the new law has to get past the New Jersey State Supreme Court, which yesterday heard arguments for and against this unprecedented authority. Last month, lawmakers approved a law allowing the state to borrow nearly $10 billion to cover […]
spending
FY 2018 Budget Proposal
Yesterday, Governor Christie delivered his FY 2018 budget proposal. Below is a brief summary that highlights many items important to the business community. For a copy of the “Budget Summary,” please click here. For the text of the Governor’s speech, please click here. Note: While many of the issues outlined below are referenced throughout the […]
Final Analysis of the FY 2016- 2017 Education Budget Signed by the Governor
Earlier this month, New Jersey’s FY 2017 Budget went into effect after several changes from Governor Christie’s originally proposed budget. According to the Governor’s press release, the budget includes $34.5 billion in state appropriations, a 2.1 percent increase over the fiscal year 2016 budget. Education The fiscal year 2017 budget proposes spending more than $13.3 […]
What Does Local Education Funding Have To Do With Business?
Both Governor Chris Christie and Senate President Stephen Sweeney recently expressed different ideas on how New Jersey should spend its funding for education. While NJBIA continues to review their proposals, I thought I would share some facts and figures about education spending and how education affects the business community. For starters, New Jersey continues to […]