BUSINESS & ECONOMY

How has COVID-19 impacted New Jersey’s finances?

BY Rhonda Schaffler, Correspondent |

State Treasurer Elizabeth Maher Muoio talks to Business Correspondent Rhonda Schaffler about the department’s decision to freeze almost $1 billion in spending, the fact that more cuts may have to be made, and the need for federal assistance to help New Jersey stay afloat. She also discusses the impact that the virus is having on the state’s budget process that would usually be in full swing.