Senate President Stephen Sweeney (D-3) says you can see good things happening for New Jersey, you just have to look beneath the surface. New funding to address transportation infrastructure, tax reforms that make the state more competitive and even the takeover of Atlantic City have all contributed to increased investment, both public and private. Speaking […]
transportation trust fund
Governor Signs Bill Providing $400 Million for Road, Bridge and Mass Transit Projects
Governor Chris Christie signed into law S-3076 (Sweeney, Oroho, Turner, Prieto, Vainieri Huttle, Muoio),which immediately allocates $400 million from the Transportation Trust Fund (TTF) for road and bridge projects, as well as mass transit safety upgrades. The supplemental appropriation is for the current fiscal year (FY 2017), which ends June 30, and provides $260 million […]
NJBIA Supports Bills Appropriating $400 Million for Transportation Projects and Exempting School Bus Contractors from Gas Tax
The New Jersey Business & Industry Association supports S-2748 (Sarlo, D-36; Oroho, R-24), which exempts school bus contractors from paying the state’s gas tax. “In current law, private school bus contractors under contract with a school district pay the state’s gas tax, while districts that operate their own school buses do not,” said Michele Siekerka, […]
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 […]
2016 Legislative Review
As we embark on a New Year, I wanted to provide a review of all of the various taxation and economic development policies that we worked on last year. We will continue to work on many of these in 2017 as well. Combined Reporting NJBIA has strongly opposed this legislation, which would require members of […]