Opinion: How to Meet the Financial Challenges Facing New Jersey

May 22, 2020

The state extended the current fiscal year by three months, a very unusual move but permitted under our Constitution. It allows more time to access the revenue impact of the pandemic and develop a strategy for the remainder of this year and next. During this time, the governor must share detailed revenue and expenditure projections with the Legislature so an acceptable consensus can be reached as to the magnitude of the problem.

While other New Jersey governors faced difficult times, the magnitude of this crisis is unprecedented. The challenge must be handled carefully and limit one-time actions that will ruin the state’s finances for years. I can draw on some first-hand experiences.

Op-ed by Rich Keevey, NJspotlight.com, May 22, 2020

Recent Posts

NJSPL – New Jersey Employment Concerns Revisited

As 2024 began with yet another surprisingly strong jobs report for the U.S. (353,000 jobs added in January and the unemployment rate steady at 3.7%), and with a full year’s worth of 2023 state-level employment data now available, it’s worth briefly revisiting some of...

New Research: The Traffic Calming Effect of Delineated Bicycle Lanes

Abstract We analyze the effect of a bicycle lane on traffic speeds. Computer vision techniques are used to detect and classify the speed and trajectory of over 9,000 motor-vehicles at an intersection that was part of a pilot demonstration in which a bicycle lane was...

Upcoming Events

Event Series CAREERS

Career Virtual Drop-ins

Virtual

Bloustein Career Development Specialists Cheryl Egan and Andrea Garrido will be in a Zoom Room on Monday's beginning January 22, 2024 (excluding holidays and spring break) to answer questions, provide […]