NJBIA’s Andrew Musick was invited to testify before members of the Senate Economic Growth and Assembly Commerce and Economic Development Committees regarding New Jersey’s Economic Development Strategy. Please read below for his testimony. On behalf of our member companies that provide more than 1 million jobs in the state and make the New Jersey Business […]
Taxation & Economic Development
Governor Murphy delivered his FY 2020 budget proposal to the Legislature on March 5, proposing to spend $38.6 billion, an increase of 3.2 percent over the FY 2019 Budget ($37.4 billion). The FY 2020 proposal increases the surplus, or general fund balance, to $1.16 billion. Below are a number of documents related to the budget […]
The New Jersey Department of the Treasury recently released January revenue collections. For the press release, and a copy of the January 2019 Revenue Report, please read below. (TRENTON) – The Department of the Treasury reported that January revenue collections for the major taxes totaled $4.042 billion, up $225 million, or 5.9 percent above last […]
In advance of Monday’s joint Senate Economic Growth and Assembly Commerce and Economic Development Committee concerning the oversight and effectiveness of the NJEDA tax incentive programs, please see a recent article that discusses the programs in more detail. Please click here to read the article.
Press Release: January 24, 2019 Trenton – Senate President Steve Sweeney (D-Gloucester/Salem/Cumberland) and Assembly Speaker Craig Coughlin (D-Middlesex) today announced a joint legislative hearing to review the operations, oversight and effectiveness of the New Jersey Economic Development Authority and its tax incentive programs. The oversight hearing, to be conducted by the Senate Economic Growth Committee, […]