The dust has settled on the annual budget debate, and despite a state shutdown, New Jersey once again has a signed budget in place. The $34.7 billion budget includes tradeoffs in the energy and environmental realms. Once again the Societal Benefit Charge (SBC) was diverted from the Clean Energy Program, not once, not twice, but […]
FY 2018 Budget
On Tuesday morning, just after midnight on July 4, I witnessed both the Assembly and Senate pass the FY 2018 State Budget. The Governor then signed it into law, ending a three-day government shutdown. Overall, the final $34.7 billion budget included no new tax increases and a number of key provisions for the business community. […]
State parks, including Island Beach State Park and Liberty State Park, are reopening today for the Fourth of July holiday after legislative leaders and the governor reached a deal late Monday night to end the state budget impasse that had shut down state government since July 1. The $34.7 million FY2018 state budget was approved […]
An estimated 30,000 state employees were furloughed today as the state entered Day 3 of a government shutdown ordered by Gov. Chris Christie after the Legislature failed to send the $34.7 billion state budget to his desk by the July 1 constitutional deadline. On Saturday, the governor closed all state parks, including Island Beach State […]
Andrew Musick, the New Jersey Business & Industry Association’s Vice President, Taxation and Economic Development, gave this testimony today to the Assembly Budget Committee during its hearing on the Governor’s proposed FY 2018 budget. The hearing was held at Rowan University in Glassboro.