By Andrew Kitchenman
February 21, 2012 02:24 PM
Gov. Chris Christie has proposed a $32.1 billion budget for the next fiscal year that's based on rapid economic growth that would drive both tax cuts and revenue increases.
By Andrew Kitchenman
February 21, 2012 12:24 PM
A bill has been introduced in the state Assembly that would provide a temporary deferral of sales tax collection for Amazon.com.
By Katie Eder
February 21, 2012 12:11 PM
As Gov. Chris Christie prepares to propose today a plan to reduce income taxes by 10 percent, more than half of New Jersey voters support the cut but overestimate how much they would actually benefit from it, according to a poll.
By Andrew Kitchenman
February 17, 2012 04:06 PM
New Jersey is considering its first statewide higher education bond issue in nearly a quarter century, prompting hopes from contractors and college executives alike.
A bond issue is supported by state Senate President Stephen M. Sweeney (D-West Deptford), who supports both an initial bond and the creation of a revolving loan pool to provide continuous financing to higher education.
“Our economy was humming and our pharmaceutical corporations were expanding” after the 1988 bond issue, Sweeney said. “The lack of investment over the years has seen industries like the pharmaceutical industry expanding in other states, rather than expanding here.”
By Katie Eder
February 20, 2012 11:39 AM
Recent multimillion-dollar investments in port and harbor projects from the Port Authority of New York and New Jersey have stemmed from record growth in cargo volume last year, agency officials said in prepared remarks.
By Jared Kaltwasser
February 17, 2012 04:25 PM
Caren Franzini had just completed her MBA when she found herself being interviewed for a job by a hot-shot investment banker — and she was getting annoyed.
The young banker kept peppering the Wharton School grad with the same question: Why did she want to work for the firm?
"I finally said, you know what, you're asking me a question, and obviously I'm not giving you the answer you want," she said.
So the banker answered it himself: "For the money," he said. "That's why you want to work here."
By Joshua Burd
February 17, 2012 04:36 PM
The state’s Urban Transit Hub tax credit program has reached a crossroads, and in September, the Economic Development Authority will decide whether to shift more of its credits to a swelling pipeline of residential projects that for now have been sidelined.
Until then, the agency says it will be gauging the demand from commercial builders and developers of offshore wind power, who each have until January to apply for the lucrative incentive program. Such planning efforts could be made irrelevant, though, by a bill that would add another $1 billion to the program’s bank.
By Katie Eder
February 17, 2012 02:36 PM
An extension of the federal payroll tax cut and unemployment benefits passed today by U.S. Congress won applause in the House of Representatives, but representatives of New Jersey's health care community said they were discouraged that no long-term solution was included to handle Medicare reimbursements.
By Katie Eder
February 17, 2012 01:50 PM
A proposed consolidation between Scotch Plains and Fanwood seeks to accomplish some of the same aims as an agreement reached in the Princetons, but has one noticeable difference: the Union County municipalities' combination is driven by residents, not the towns.
By Andrew Kitchenman
February 16, 2012 01:38 PM
A bill that would provide $1 billion in additional tax credits for state incentives to build near train stations advanced out of the Senate Economic Growth Committee today.
By Katie Eder
February 16, 2012 01:42 PM
President Barack Obama's proposal to expand and simplify a small-business health care tax credit program could help some 150,000 small-business owners in New Jersey stave off rising coverage costs, according to a report by the U.S. Department of Health & Human Services.
By Andrew Kitchenman
February 16, 2012 01:44 PM
A bill that would encourage turning abandoned, foreclosed houses into affordable or work force housing was advanced today by the Senate Economic Growth Committee.
By Katie Eder
February 15, 2012 03:08 PM
The court battle over the fate of the Council on Affordable Housing continued today, with the Fair Share Housing Center arguing a move by the Gov. Chris Christie administration to bring COAH's duties under gubernatorial oversight is unlawful.
By Ken Tarbous
February 10, 2012 04:03 PM
Working in one of the most heavily regulated industries in the nation, bankers extol the positive aspects of government efforts to closely monitor “too-big-to-fail” institutions, police less-than-honest actors and protect businesses and consumers — but they also say many rules and regulations bring higher costs and unintended consequences that could cause harm to institutions and their business lines.
Now, say the executive teams at banks, a sense of “regulatory fatigue” is setting in as they consider new rules and regulations from the Consumer Financial Protection Bureau and the Dodd-Frank Wall Street Reform and Consumer Protection Act. And the most damage seems to be felt at the smaller banks.
By Andrew Kitchenman
February 10, 2012 03:31 PM
When Dale F. Florio talks about the group he has assembled at Princeton Public Affairs Group over the past 25 years, he uses the word "team."
His firm employs at least four former college basketball players, as well as former collegiate baseball and football players in addition to Florio himself, who ran college track and coaches West Windsor-Plainsboro High School North's boys' basketball team.
The mindset of teamwork and competitiveness has carried forward to Princeton Public Affairs, which has strung together a legislative win-loss record that is the envy of Trenton as it celebrates its 25th anniversary this month.
