top of page
Search

Sobering Fiscal News for NJ Now and Long-Term

Updated: Jul 4

June 16, 2023 | njspotlightnews.org





Photo Credit: Andreas Fotografie (on Pixabay)


With state tax collections once again falling below expectations, a bipartisan group of budget and economic-policy experts is raising new concerns about New Jersey’s long-term fiscal trajectory.


A five-year budget forecast included in a report released on Thursday by Rowan University’s Steve Sweeney Center for Public Policy predicts multibillion-dollar budget gaps are likely within a few years, under the state’s current tax and spending policies.


Read More: Click Here


NJ SEED: The rosy view of NJ’s fiscal condition may be starting to fade. The Sweeney Center’s report suggests that tax cuts in election years may have to be followed by tax increases in non-election years.

0 views0 comments
bottom of page