Gov. Phil Murphy says he expects to close out the new budget with a surplus of about $1 billion.
It was a busy voting day at the State House Thursday where several bills moved one step closer towards becoming law.
Critics say the state should live within its means by reforming health care and pensions instead of selling assets.
Senate President Steve Sweeney and Assembly Majority Leader Lou Greenwald held a town hall to discuss the Path to Progress report, warning that a fiscal crisis is looming. The foremost recommendation ...
The task force assembled by Sweeney recommended shifting all new public workers into 401(k)s but not changing the system for vested employees. But others argued former governors and Legislatures ...
A major recommendation of the Steve Sweeney task force is to cut back again on public pensions. At the headquarters of the CWA in Trenton, that's not going over so well.
The governor thanked Sweeney’s group and said he welcomes the conversation about how best to jump start the economy.
The state will spend some $15 billion on K-12 education during the 2019 fiscal year, which is more than 40 percent of the total budget.
The Murphy administration hopes to find the savings through an audit that could take up to a year and a half.
The new state budget hiked state spending by more than $1 billion. A major portion of that increase is going to something that most New Jersey residents know very little about: the state’s grossly ...
Chamber of Commerce President and CEO Tom Bracken says the state needs an economic master plan to get the state on better financial footing.
What do New Jersey residents get in return for all the new revenue being raised?
New Jersey is in the midst of a full-blown budget crisis as legislative leaders have been locked in a struggle over a budget bill.
The bill would allow someone who's already collecting a pension and is then elected to public office to boost their pension based on the new job's salary.
Treasurer Elizabeth Maher Muoio says the state must start making tough choices and raising the revenues necessary to meet its fiscal obligations.