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Experts see clouds on the fiscal horizon for NJ government

Experts see clouds on the fiscal horizon for NJ government

During a news conference Tuesday afternoon, several members of the workgroup offered their takes on the likelihood of there being enough revenue available by then to launch an altogether new relief program in the current economic environment. “Right now, it’s a wait-and-see,” said Marc Pfeiffer, who’s also the assistant director of Rutgers University’s Bloustein Local Government Research Center.

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New Jersey faces steep deficits in coming years, group warns

New Jersey faces steep deficits in coming years, group warns

“The last couple of days, we’ve been talking a lot about the World Cup coming in and the potential of NJT. I think that’s probably secondary or tertiary because they seem to have a plan for that,” said Marc Pfeiffer, a senior policy fellow at the Rutgers’ Edward J. Bloustein School of Planning and Public Policy. “What we don’t have a plan for is the long-term funding of NJT.”

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Compare Electric Rates in New Jersey

Compare Electric Rates in New Jersey

New Jersey deregulated its energy market in 1999, allowing people to choose which companies generate the electricity that powers their homes. The idea behind the law was to introduce competition into the previously monopolized energy market. New Jersey residents haven’t exactly taken advantage of the opportunity: Only about 6% of residential customers...

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New Jersey Hit By Cyber Attacks On Schools, Hospitals

New Jersey Hit By Cyber Attacks On Schools, Hospitals

Class was canceled Monday across the Freehold Township school district, but not for the familiar January troubles of slushy roads, frozen pipes or a busted boiler. No, this was “a cybersecurity event” that ground school business to a halt. District officials disclosed little about what happened, assuring parents in an email they “retained outside IT expert...

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Full-time perks for part-time work? For these politicians, taxpayers footed the bill

Full-time perks for part-time work? For these politicians, taxpayers footed the bill

Mercer County’s elected commissioners earned a salary of just $32,853 last year. They largely hold jobs outside their political posts, with careers in government, non-profits or the corporate world that pay the bills. To the public, the county describes its seven commissioners as part timers. But when it comes to health benefits, the commissioners treat...

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Sagging revenue, looming costs could sink big senior citizen tax cut plan

Sagging revenue, looming costs could sink big senior citizen tax cut plan

Sagging revenue and a bevy of looming funding needs in the coming fiscal year threaten to pull New Jersey’s $8.1 billion surplus below a threshold that would pause the nascent StayNJ property tax relief program before it sends out a single payment. Revenue from New Jersey’s major taxes — like its income, corporate business, and sales taxes — were down...

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