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New Jersey lawmakers advance $46.4B budget minutes after making it public

New Jersey lawmakers advance $46.4B budget minutes after making it public
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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State budget introduction, votes delayed in Trenton

State budget introduction, votes delayed in Trenton
njbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from njbiz.com Daily Mail and Mail on Sunday newspapers.

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State officials expecting more than $4B in added windfall

State officials expect new revenue windfall of more than $4B
June 9, 2021
1:14 pm
The state’s closing balance over the next year is expected to come in at more than $4 billion over what state officials previously expected, completely defying last year’s expectations of a total economic meltdown amid the COVID-19 pandemic.
Analysts at the nonpartisan Office of Legislative Services are expecting $3.3 billion more in the state’s coffers than what it initially projected this spring, adding to an already massive surplus for the state.
Then by June 30, 2022, the end of the upcoming budget cycle, state officials in the OLS expect another $1.46 billion surplus than initially projected. ....

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Lawmakers look at adding to Murphy's proposed pension payments

June 3, 2021
2:26 pm
State lawmakers are considering piling on hundreds of millions of dollars in this year’s upcoming pension contributions, beyond what Gov. Phil Murphy is proposing, according to several lawmakers and a report by Politico New Jersey.
Gov. Phil Murphy’s budget calls for $44.8 billion to cover state expenses between July 1 and June 30, 2022. Baked into that is $6.4 billion toward the state’s pension bill–which would mark the first time in decades that the state is fully funding its pension obligation.
But with the state flush with cash, lawmakers and state leaders are looking at how they could spend billions of dollars in surplus money. None of the $6.4 billion from the White House could go toward the state’s pension bill, but that leaves a $6.3 billion closing balance of funds that the state could use. ....

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Senate moves bill to ban ICE jail contracts

Senate moves bill to ban ICE jail contracts
politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.

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