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Arnone calls on Murphy to empower Counties to regulate New Jersey’s Reopening

Monmouth County Freeholder Director Tom Arnone wants New Jersey’s economy to reopen safely and he wants County officials, rather than the Murphy Administration, to regulate the reopening of restaurants and retail stores and to provide the safety guidance required.

Read the rest of this entry » Posted: May 29th, 2020 | Author: | Filed under: Monmouth County | Tags: , , , , | Comments Off on Arnone calls on Murphy to empower Counties to regulate New Jersey’s Reopening

Kane Proposes State Tax Credits to Compensate NJ Small Businesses For COVID-19 Losses

Harold V. Kane

By Harold V. Kane

The State of New Jersey is doing its utmost to fight off the ravages of Covid-19. Most of the efforts are being done voluntarily (social distancing) but other efforts are being done at the direction of the governor. Governor Philip Murphy, by edict, has closed most of the smaller retail establishments in the state. It’s obvious that with fixed costs and no revenue many of these establishments will not reopen. Murphy’s edicts “that you will close” do not seem to have any weight in law. The proprietors close because of fear of the local police or county sheriff paying them a visit. Using the threat of arrest, prosecution, and possibly, incarceration Murphy was wildly successful in getting the “little people” to toe his line.

Read the rest of this entry » Posted: May 10th, 2020 | Author: | Filed under: COVID-19, New Jersey, Opinion | Tags: , , , , | Comments Off on Kane Proposes State Tax Credits to Compensate NJ Small Businesses For COVID-19 Losses

S&P Global Downgrades NJ’s Credit Rating Again

1739New Jersey’s financial reputation took another hit yesterday, with S&P Global, one of the Big 3 Wall Street credit-rating agencies, announcing it has once again lowered the state’s debt grade by one step. The downgrade is another setback for Gov. Chris Christie, a Republican who has now suffered through more credit-rating reductions than any New Jersey… Read the rest of this entry »

Posted: November 15th, 2016 | Author: | Filed under: New Jersey | Tags: , , , , | 1 Comment »

N.J. avoids credit rating downgrade despite pension, road funding woes

assetContentTRENTON — A Wall Street ratings agency on Monday left New Jersey’s credit rating unchanged though it’s “cautious” on the state’s ability to meet its revenue forecasts this year. Fitch ratings noted that despite the state’s more conservative revenue forecasting in recent years — a departure from years of overly optimistic estimates that left big holes… Read the rest of this entry »

Posted: August 16th, 2016 | Author: | Filed under: New Jersey, New Jersey State Budget | Tags: , , , | Comments Off on N.J. avoids credit rating downgrade despite pension, road funding woes

N.J. could be in big trouble if another recession hit

assetContentTRENTON — A new study cast doubts on whether New Jersey can withstand another economic downturn. It’s the second such study this year to find that the state, which has lagged behind the rest of the nation in recovering from the Great Recession, is particularly vulnerable and unprepared for yet another. New Jersey is among 10… Read the rest of this entry »

Posted: August 14th, 2016 | Author: | Filed under: Economy, New Jersey State Budget | Tags: , , , | Comments Off on N.J. could be in big trouble if another recession hit

N.J. to businesses: You’ll have to wait longer for your reward for creating jobs

assetContent (28)TRENTON — The state Senate will vote Monday to put off paying overdue awards to businesses that created jobs in New Jersey as part of the governor’s plan to balance the budget for the coming year. Tax collections missed their mark this spring, and Gov. Chris Christie’s administration announced it would delay the bulk of the… Read the rest of this entry »

Posted: June 27th, 2016 | Author: | Filed under: New Jersey, News | Tags: , , | 2 Comments »

Christie: N.J. has recovered from ‘the long recession’

assetContentPARSIPPANY — Gov. Chris Christie announced at a groundbreaking ceremony in Parsippany Tuesday the Garden State has recovered from the Great Recession. “We have recovered from the long recession,” he said. “We have put more of our people back to work than any time before.” Speaking at the site of UPS’ new technology center in Parsippany,… Read the rest of this entry »

Posted: March 30th, 2016 | Author: | Filed under: Chris Christie, New Jersey, News | Tags: , | Comments Off on Christie: N.J. has recovered from ‘the long recession’

Christie Touts Region’s Best Unemployment Rate, Credits Anti-Tax Stance

Armed with new labor statistics that show New Jersey’s unemployment rate has now fallen below the nation’s and all other states in the region, Gov. Chris Christie came forward yesterday to tout his administration’s anti-tax policies. The governor’s victory lap highlighted a drop in New Jersey’s unemployment rate that reached nearly 2… Read the rest of this entry »
Posted: March 17th, 2016 | Author: | Filed under: New Jersey | Tags: , , , | Comments Off on Christie Touts Region’s Best Unemployment Rate, Credits Anti-Tax Stance

N.J. ranks among worst in nation in ability respond to future recession: study

assetContent (20)TRENTON — New Jersey is among U.S. states least equipped to respond to an economic downturn, according to a new study comparing states’ savings. New Jersey’s surplus, $300 million in 2014, wouldn’t be able to put up much of a fight against a recession, big or small, long or short, the study out of George Mason… Read the rest of this entry »

Posted: January 7th, 2016 | Author: | Filed under: New Jersey, New Jersey State Budget | Tags: , | 1 Comment »

N.J. has worst business tax climate in U.S., study finds

assetContent (20)TRENTON — New Jersey’s high property and income taxes contribute to its standing as the nation’s least attractive tax climate for businesses, according to a Washington tax policy group’s annual ranking of the 50 states. The Tax Foundation, a public policy group that has two former Republican lawmakers on its board of directors, considered five metrics,… Read the rest of this entry »

Posted: November 19th, 2015 | Author: | Filed under: Economy, New Jersey, Taxes | Tags: , , | 1 Comment »