Many towns with higher property taxes lack other revenue sources, such as businesses or corporate headquarters, said Marc Pfeiffer, a senior policy fellow at Rutgers University’s Bloustein School of Planning and Public Policy, who studies local government in New Jersey.
Topic
budget
Marc Pfeiffer to Chair Jersey City’s Budget Advisory Committee
In a recent press release from Mayor-Elect James Solomon of Jersey City, Marc Pfeiffer, Senior Policy Fellow and Assistant Director of CUPR, was listed as the Chair of the Budget Advisory Committee.
Which NJ projects and priorities will receive $6.2B in American Rescue Plan funds?
“Does favoring one group over another when it comes to Democrats getting money and Republican districts not getting money? For Democrats that maybe an easy choice to make.”
NJSPL – NJ Progress with Offshore Wind Projects
Offshore wind has the potential to contribute to the state’s decarbonization goals while generating approximately 20,000 new jobs for the state by 2030, but exactly how these economic benefits will be distributed remains to be seen
NJSPL – New Jersey’s 2025 Tax Revenue Projections
Adjusted appropriations for FY 2024 are nearly $1 billion higher than in the original budget, while FY 2024 revenues are projected to be about $500 million lower. As a result, the current projection would see the budget surplus drop from $10.7 billion at the outset of FY 2024 to $6.1 billion at the end of FY 2025.
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,
New Jersey faces steep deficits in coming years, group warns
There are certain things that the state is committed to by constitution or by law. Medicaid is increasing, school aid is increasing,” said Richard Keevey, a former state budget director and comptroller.
Gov. Murphy vetoed a 20-year service pension bill for police and firefighters. Here’s why
A bill to allow police officers and firefighters with 20 years of service to retire early with a reduced pension, regardless of their age, was conditionally vetoed by Gov. Phil Murphy, who said he wants more clarity on how the legislation would impact the state...
Your tax dollars at work. The 2023 budget details for Warren County’s biggest towns.
Warren County municipalities had until April 28 to set their spending plans for 2023, including general fund budgets covering the costs of public services. By and large, property taxes pay for most services, and budgets are kept fairly unremarkable, but one consistent...
New Jersey’s Budget Surplus
This time last year, New Jersey's fiscal reality was grim. This year, the state has an $11 BILLION surplus. NJ Spotlight News' Joanna Gagis talks with Bloustein School senior policy fellow/executive in residence and former New Jersey Office of Management and Budget...