Category: state budget

New Jersey 2023: Legacy costs, debt service will eat 26% of state revenues

TRENTON, N.J. – Moody’s issued a stark warning on Monday evening about the scope of New Jersey’s public debt/pension crisis, one which has earned its pension system the dubious distinct of being among the nation’s least stable. By 2023? 26% Read More

Murphy signs record-setting N.J. budget; FY 2020 spending will include cash for illegal aliens’ lawyers, abortions

Correction/Update: It’s splitting hairs in terms of the final result, Save Jerseyans, but the Planned Parenthood and “undocumented”/illegal immigrant legal assistance funds referenced below were added the state’s FY 2020 spending at the last minute, via supplemental bills, instead of Read More

Murphy caves, ruling out shutdown and handing tactical win to Team Norcross

TRENTON, N.J. – Phil Murphy may be governor, Save Jerseyans, but Steve Sweeney is still the capital city’s most powerful politician. That political reality was confirmed on Thursday when Murphy ruled out as government shutdown ahead of the Sunday deadline Read More

Testa breaks with Senate GOP: Democrats’ budget “a disgrace” passed by people living in “alternative universe”

VINELAND, N.J. – The 2019 election cycle’s top New Jersey legislative prospect struck an independent chord on Friday by speaking out against the Democrat budget backed by seven of his own party’s state senators. “The state budget passed by Trenton Read More

Trenton spending $5 billion more (so far) under Phil Murphy

TRENTON, N.J. – Assembly Republican budget officer John DiMaio criticized the Democrat legislature’s $38.7 billion FY2020 budget on Thursday, comparing the Democrats’ internal debate to rearranging deck chairs on the Titanic.  While Democrats rejected tax and fee increases demanded by Read More