NJBIA Statement on FY2020 State Budget and NJ's Tax Incentive Programs
Sunday, June 30, 2019
NJBIA President and CEO Michele N. Siekerka, Esq. issued the following today statement regarding the final FY2020 state budget and the expiration of New Jersey's Gloucester City News blog files tax incentive programs. "While we are pleased that the final FY2020 budget does not include any broad-based tax increases, it is important to recognize that this budget is more than 11 percent higher than FY2018. "Our policymakers should understand that New Jersey simply cannot sustain such large increases in expenditures every year when our pension liability and post-employment benefit obligation has grown to more than $151 billion. "After another contentious... Read more →